Three house's in one deal

[Daniel Hess]

Investment Info:

Single-family residence buy & hold investment in Saint Joseph.

Purchase price: $190,000

Three house package deal used equity from another property for down payment. The house's ended up appraising for $255k and are currently rented below market, cashflow should double after lease's are up.

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

I was looking for multi family and ended up buying multiple house's.

How did you finance this deal?

With a commercial loan

How did you add value to the deal?

I plan on fixing up the houses betweeen tenants. The house's all were worth more that what I paid.

Lessons learned? Challenges?

I don't think I will keep using commercial loans. Ive heard of people buying them and quit claiming the deed to thier LLC.