Overton Manor Multifamily

[Brandon Freeman Jr]

Investment Info:

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

Purchase price: $600,000

30 Unit Townhouse package

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

It was a value add project in which meet my buying criteria and I could be all in under 70% with the rehab budget included.

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

I found this deal By cold calling and searching in the pre foreclosure an meet the majority owners through my network.

How did you finance this deal?

I have four other equity partners in the deal they all brought there own cash for the purchase price and the rehab budget.

How did you add value to the deal?

I found the deal and will be overseeing the rehab of the units also using my team of contractors to do the work. I also have the in house management that will oversee the property an leasing.

What was the outcome?

We Closed

Lessons learned? Challenges?

One lesson I have learned from this deal is that I can be more creative in funding the deal an should include buyouts for my lenders.

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

N/A