Done deal $700 monthly ROI

[Tonee Johnson]

Investment Info:

Small multi-family (2-4 units) commercial investment investment in Hamtramck.

Purchase price: $143,000
Cash invested: $8,500

Duplex tenant property.

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

ROI

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

Online.
As Broker / lender
Buy and hold

How did you finance this deal?

As broker

How did you add value to the deal?

Completed all legwork.
Found the deal
Made an offer
Got it signed under contract
As broker:
submitted Application
Docs. Checklist
Inspections
Appraisal
Financing
Closing

What was the outcome?

Leased both units within 1 month.

Lessons learned? Challenges?

Outsource more :)

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

Yes.
Gajjventures.com