Residential 3 family

[Eric DeGray]

Investment Info:

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

Purchase price: $140,000
Cash invested: $1,500

Residential 3 family

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

This property came fully rented and cash flowing out of the gate.

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

This deal was brought to me by the previous owner that was willing to be creative with the financing.

How did you finance this deal?

Traditional loan

How did you add value to the deal?

making continuous upgrades

What was the outcome?

Still own this property. Things are going great with it.

Lessons learned? Challenges?

Deals are out there if you spend the time looking for them!

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

No.