BRRRR Project #1 - Took awhile to get tenants out

[Matt Noel]

Investment Info:

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

Purchase price: $60,000
Cash invested: $20,000

The biggest obstacle?
100% Occupancy and all Tenants paying, so with the Eviction Moratoriums, not able to get started until Q3 on Rebab.
Onward and Upward :)!

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

Recognized below market rents and opportunity for forced appreciation - pursuing BRRRR.
More Doors - Better Cashflow

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

Wholesaler

How did you finance this deal?

Cash

How did you add value to the deal?

Updating Living areas