Three Family Reno in Upstate New York

[John Bonhomme]

Investment Info:

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

Purchase price: $90,000
Cash invested: $60,000

3 Units Currently Under Reno

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

High Monthly Cash Flow

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

MLS, it was part of a package and I broke the package up into two properties then again to just this property at closing table.

How did you finance this deal?

Cash

How did you add value to the deal?

Going to pull permits and finish construction

What was the outcome?

Still In process

Lessons learned? Challenges?

Licensed Plumber didn't want to pull work because another plumber had done work in there previous to him.