Cincinnati 8 Unit Multifamily in the heart of OTR

[Dj Hume]

Investment Info:

Large multi-family (5+ units) commercial investment investment in Cincinnati.

Here's a property a purchased at the beginning of year. 8 unit, turnkey in the heart of the city

What made you interested in investing in this type of deal?

I started in SFR's but realized that the only way to truly scale a business is to purchase more than one door at a time.

How did you find this deal and how did you negotiate it?

I was looking for months, Cincinnati is a tough market to buy in right now. The consistency eventually turned into my benefit. I found it on a realtor.com and walked the property same day then put an offer on it within 12 hours after that. I believe in running the numbers and giving a real offer the first time, to much negotiation can turn into you losing the deal.

How did you finance this deal?

We opened a fund up to our investor network and raised $250K

How did you add value to the deal?

Within 30 days of closing on this property we increased the property value by 30% !!!

What was the outcome?

This property cash flows every month and our investors are also paid every single month

[Dj Hume]

@Heshel Mangel Yes we've raised capital before and we put this under contract before raising capital. It took us about 1.5 days to raise all the capital after releasing the financial details to our investor network.