Alaska Rental Property

[Darren Larson]

Investment Info:

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

Purchase price: $195,000
Cash invested: $235,000
Sale price: $299,000

Looking to turn a single family foreclosure into a triplex, split the lot, and build a second triplex on the new lot

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

Trying to create cash flow

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

MLS. Negotiating a more reasonable price. The Bank has it listed at its after repair value

How did you finance this deal?

Investor