rental triplex- good rents

[Gloria Lyles]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

triplex, back yard, 3 garages, close to Mills college, store and business

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

moving up a bit and trying to get some of th college students that could not afford to stay on campus.

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

driving for dollars, daily discussion on where we wanted to go and what we wanted to accomplish

How did you finance this deal?

from the last deal

How did you add value to the deal?

revamp the home, updated it, and made it somewhere we would like to live.

What was the outcome?

lot of bids for units.

Lessons learned? Challenges?

believe in God and He will help you believe in yourself and accomplish what He has set out for you to do, touch the lives He has already ordain for you to connect to, then it is all Him, I follow Him and my great family team.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

no