My first 10 unit building

[Ben Yeshurun]

Investment Info:

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

Purchase price: $457,000
Cash invested: $48,500

Just bought this 10 unit with 5 new investors.
Planning to lease the 3 empty units and raise rents on the current ones.
Aiming for at least $9500 monthly cash flow.
It won't be easy but those are the market prices so hard work will get me there.

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

Great ROI, undervalued

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

Zillow

How did you finance this deal?

Cash

How did you add value to the deal?

Renovated and raising rents slowly to market price

What was the outcome?

Will see

Lessons learned? Challenges?

Working with investors:
1. organized excells
2. know who is sitting in front of you
3. build relations and networks as much as possible
4. patience
5. Should be a win-win for each side