4 unit building- Total Remodel

[Lauren Griffin]

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $103,000
Cash invested: $65,000
Sale price: $214,000

I bought this with the intention to keep but another deal came available and I decided to sell.

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

This place was in ROUGH shape. But I knew the crew could knock it out of the park.

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

It was listed on the market. I negotiated this deal by paying cash from an unsecured LOC

How did you finance this deal?

LOC

How did you add value to the deal?

We remodeled every unit from top to bottom. We had to replace windows, flooring, kitchen, appliances, walls, ceilings, painted exterior and interior, and lots more.

What was the outcome?

Bought, remodeled, and SOLD