2012 2 Flat Investment property

[Richard Quijano]

Investment Info:

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

Purchase price: $20,000
Cash invested: $60,000

2 Flat brick building 2bd, 1bth units.

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

Bigger Pockets

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

MLS

How did you finance this deal?

Cash

How did you add value to the deal?

gut rehab

What was the outcome?

two unit rental property added to the portfolio

Lessons learned? Challenges?

Strike while the kettle is hot

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

Yes but he is now moved on to work for HUD.