First multi family acquisition

[Adriese Williams]

Investment Info:

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

Purchase price: $52,000
Cash invested: $25,000

triplex won on auction, light rehab, currently fully rented, BRRR to get cash out

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

multi family

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

auction

How did you finance this deal?

private money, my own money

How did you add value to the deal?

rehabbed

What was the outcome?

BRRR

Lessons learned? Challenges?

none, was a smooth project

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

nah