Multiple rentals on one property!

[Chad Sloan]

Investment Info:

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

Purchase price: $155,000
Cash invested: $10,000

This property has a single-family site built home and two mobile homes on it. The site built home is being rented indefinitely by the seller and the two mobile homes are being renovated to capture market rental rates.

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

Multiple rentals on one property and the opportunity to get it under market value.

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

An opportunity through my personal network.

How did you finance this deal?

Investment margin loan

How did you add value to the deal?

Knowledge of mobile home rental opportunity. Will spend some money renovating and be able to rent them for twice what she was charging.

What was the outcome?

Can’t wait to see!