My best Investment so far!

[John Carpino]

Investment Info:

Large multi-family (5+ units) commercial investment investment in Evansville.

Purchase price: $145,000
Cash invested: $50,000

Lower income 8 unit in Evansville IN.

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

There was significant cashflow opportunity

How did you finance this deal?

Commercial Loan

How did you add value to the deal?

Extensive repair and remodel

What was the outcome?

This property now cashflows 2K per month

Lessons learned? Challenges?

Hire a great management company. There were many extensive repairs, and the property bled money for the first 12 months. But once the repairs were paid for, the property became my most profitable investment at the time.

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

Homes by Huffman - Excellent Management company