singla fam to multi fam

[Edmundo R Goris]

Investment Info:

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

Purchase price: $200,000
Cash invested: $40,000

Purchase > clean up > rehab > ask for variance > loading....

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

Potential, proximity to downtown

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

Friend, of a friend

How did you finance this deal?

Cash

How did you add value to the deal?

Variance from single-family to a two-family.

What was the outcome?

Still finishing renovations. Will be done in 4 ~ 5 months if we don't hit any other delays.

Lessons learned? Challenges?

DO THINGS YOURSELF ALWAYS, ALWAYS GET CONFIRMATIONS

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

No