2 Family BRRR buy and hold

[Antonio Figueroa]

Investment Info:

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

Purchase price: $255,000
Cash invested: $72,000

2 Family BRRR buy and hold
1st unit 3 br 1 ba
2nd unit 2br 1 ba

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

My broker and I have been looking for months and he found this one for me.

How did you finance this deal?

Hard Money

How did you add value to the deal?

Rehab the entire house

What was the outcome?

TBD

Lessons learned? Challenges?

So far find a contractor that is reliable and responds to you. If you need to constantly chase them, move on to the next contractor. Also have the draw schedule setup in a way that you are not paying a bulk of the project up front.