First Multi Family Investment Long term hold

[Jose Campos]

Investment Info:

Large multi-family (5+ units) buy & hold investment in San Antonio.

Purchase price: $380,000
Cash invested: $125,000

Multi family in Mahncke Park

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

Multi family with upside potential and learning curve for property managing with multiple tenants in growing single family area

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

Personal contacts and brought the price down significantly

How did you finance this deal?

Commercial financing

How did you add value to the deal?

Added a unit and raised rents. Fixed it up and managed tenants well

What was the outcome?

Success and currently hold

Lessons learned? Challenges?

Dealing with multiple units and tenants; older property

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

Personal contacts