3rd Deal in 3 Years.. a 3 Family

[James Perdomo]

Investment Info:

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

Purchase price: $172,000
Cash invested: $34,400

Contributors:
Eury Vargas

Fully Occupied 3 Family. Going in Cap 10%. Will stabilize around 14%

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

Rental income and upside

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

All cash offer and paid transfer taxes.

How did you finance this deal?

80% LTV. Fixed rate investment loan at 4.75%

How did you add value to the deal?

TBD

Lessons learned? Challenges?

Be careful when making all cash offers if you plan to finance and putting a large amount down

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

Eury Vargas - One Valley Realty