My first Multifamily

[Jim Mills]

Investment Info:

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

Purchase price: $88,000
Cash invested: $10,600

Triplex

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

Looking for cash flow properties

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

Contacted a local Real Estate I knew well.

How did you finance this deal?

Regional Bank

How did you add value to the deal?

$99,900 was the asking price and I offered 96k. After they accepted I used the property inspection to negotiate an 8k check at the closing. A tip I got from BP Real Estate Rookie!

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

Shaun Hayes from Berkshire Hathaway