Three-Unit Historic Multifamily

[Jonathan Aceves]

Investment Info:

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

Purchase price: $80,000
Cash invested: $8,400

Historic Triplex

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

This is my target market and asset type.

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

A wholesaler called me on it, and i agreed to pay his fee.

How did you finance this deal?

Borrowed the cash, then cash-out refinanced.

What was the outcome?

Holding the deal for now.

Lessons learned? Challenges?

Need Estoppels if we don't trust the seller.

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

My partners and I are licensed agents specializing in commercial real estate.