Quadplex closing today in Denver!

[Tara Rose Iguidbashian]

Investment Info:

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

Purchase price: $1,520,000
Cash invested: $380,000

Quadplex rental property - I represented the buyer for a smooth transaction.

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

Great location for consistently high rental rates. Best cap rate we could find in Denver proper.

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

Real estate agent found on MLS. Negotiated $75k under asking price because it has just fallen out of escrow and they were motivated to sell.

How did you finance this deal?

Residential lender

How did you add value to the deal?

25% down

Lessons learned? Challenges?

Lesson learned - shoot for the moon during inspection objection. We got much more than we anticipated.

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

Yes, Tara Iguidbashian, agent. Tim Tacl, lender.