BRRRR Multifamily/ Off-Market

[John Stewart]

Investment Info:

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

Purchase price: $100,000
Cash invested: $20,000

BRRRR Candidate!
Used a commercial bank loan as hard money, will refinance later.
Chose to use a bank loan instead of hard money in case the worst happen with our economy, I can just ride out the financing and cash-flow the whole time.

Valued at about $135K, rent is about 1100/month. Will refinance in 6 months.

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

WIll pull 100% of invested capital out.

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

Off market/wrote a letter to owner

How did you finance this deal?

commercial bank financing with 20% down.