HIGH CASH FLOWING MULTI

[Rachel B.]

Investment Info:

Small multi-family (2-4 units) hard money loan investment in Las Vegas.

Purchase price: $393,000

4 UNIT HIGH CASH FLOWING PROPERTY

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

I was the Buyer agent on the deal

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

The client was using a different agent but calling me weekly for advice once the deal starting going bad. Client was doing a 1031 Exchange to purchase property so it was vital to him to NOT PAY TAXES or defer them. The deal was not executed and the contract was cancelled. I came in a revived the deal and got the client a hard money loan because he was not able to secure traditional financing. There were many twists and turns to this deal.

How did you finance this deal?

We shopped around for a Hard Money Lender with favorable fees.

How did you add value to the deal?

Negotiating and leverage different resources such as a very creative lender.

What was the outcome?

We closed and all tenants are paying rent!

Lessons learned? Challenges?

The lesson learned would be to chose your agent that represents you wisely and make sure it is someone you can trust to help you make hard decisions.

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

Lender Dave Chamblee - Nexa Mortgage