6 plex hold fix and flip

[Abram A Antonucci]

Investment Info:

Large multi-family (5+ units) fix & flip investment in Lewiston.

Purchase price: $125,000
Cash invested: $12,500
Sale price: $185,000

6 plex fixed and held

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

It was an owner financed with a high cap rate

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

Craigslist, negoitated using an investment company whom held the note

How did you finance this deal?

Cash owner financed

How did you add value to the deal?

remodeled the units and roof

What was the outcome?

Made some money and got my feet wer

Lessons learned? Challenges?

Too many to list