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Updated about 5 years ago on . Most recent reply

User Stats

12
Posts
5
Votes
Donald Kelley
  • Rental Property Investor
  • Layton, UT
5
Votes |
12
Posts

4 doors no money of my own OPM and awseome partner

Donald Kelley
  • Rental Property Investor
  • Layton, UT
Posted

Investment Info:

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

Purchase price: $100,000
Cash invested: $1

a 3/1 unit a 1/1 unit and a duplex with 2--1/1 units

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

cash flow multiple properties in 1 deal on 1 lot

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

wholesaler ( we offer options) SLC, UT

How did you finance this deal?

Family -100%

How did you add value to the deal?

going to ba a major rehab

What was the outcome?

Going to start rehab in January but eventually will be a set of 4 doors rental property

Lessons learned? Challenges?

do your homework and know what your getting into

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

wholesaler- we offer options and michael malmrose -realtor

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