19 Units In Gary Indiana

[Charles Simon]

Investment Info:

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

Purchase price: $770,000
Cash invested: $170,000

Off market purchase that has a crazy cash flow and return on investment!

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

Great cash flowing area.

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

Mailers and we just listened to what the seller needed.

How did you finance this deal?

Stacksource to US bank

How did you add value to the deal?

Great property. We are flipping out one unit.

What was the outcome?

All good in the neighborhood!

Lessons learned? Challenges?

Bigger property, more members, more llc's, more complexities but ready for the next!

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

Olson Property Management and General Contractor