3 Unit Conventional (BRRR to obtain downpayment)

[Thomas Mastrodonato]

Investment Info:

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

Purchase price: $315,000
Cash invested: $71,000

Went with conventional cash flow route here. each unit is nice, but could use a little updating. It is in a prime rental location of Rochester, NY. Used BRRR strategy to refinance my previous deal to obtain the downpayment for this.

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

Rental Income

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

Seller paid toward closing costs. Found this deal through traditional MLS. got it for 10K under asking while I was the 4th highest offer.

How did you finance this deal?

Conventional, 20% down

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

Kelzi Sobolewski of Rochester,NY.. she is the BEST