Prospective BRRRR - had/has squatters. Danger or worth it??

[James Peever]

Investment Info:

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

Purchase price: $189,000
Cash invested: $40,000

Looking to purchase. In discussion with realtor. Property needs work, but has good potential and strong ARV.

Prospective BRRRR purchase. The building had/has squatters. The property has look Danger or worth a shot??

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

Potential ARV. The property appears to be unvalued for the area and with some investment could show some significant long term potentail.

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

Zillow

How did you finance this deal?

Traditional mortgage

How did you add value to the deal?

The property needs some basic improvements to kitchens and baths, but with a little work could look great.

What was the outcome?

Pending.