3 apartments and 1 retail space

[Michael Van Brunt]

Investment Info:

Retail commercial investment investment in Cameron.

Purchase price: $85,000
Cash invested: $57,000

3 apartments and 1 retail space.

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

Rent from 2 apartments covered expenses. Cash flows well.

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

Drove by and contacted the owner.

How did you finance this deal?

Local bank

How did you add value to the deal?

Rehab

What was the outcome?

Great cash flow. 20% ROI

Lessons learned? Challenges?

Requires a little more land lording.