5 Unit Apartment paid for by Leveraging a Single Family Rental

[Geoff Cavender]

Investment Info:

Large multi-family (5+ units) buy & hold investment in Warsaw.

Purchase price: $139,900
Cash invested: $34,975

5 Unit Apartment D-C Class paid for by leveraging a single family rental! Excited to get this underway and really start my investing career!

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

First step at multi family investing

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

Met a local real estate investor, became friends, bought this off of him

How did you finance this deal?

Leveraged my single family rental for the down payment

How did you add value to the deal?

Got value in the deal - Also didnt have to use a Realtor because I am one

What was the outcome?

Me getting a 5 Unit

Lessons learned? Challenges?

Networking is everything!

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

Geoff Cavender I would highly recommend him to anyone in the Warsaw area