6 Unit Property in Denver

[Tara Rose Iguidbashian]

Investment Info:

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

Purchase price: $1,425,000
Cash invested: $356,250

6-unit rental property in Denver

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

Cash flow, tax deductions, long term appreciation

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

Realtor on MLS. Went under asking.

How did you finance this deal?

Commercial loan

How did you add value to the deal?

25% down

Lessons learned? Challenges?

Commercial rental properties (5 or more doors) makes it a longer, more complicated process. I would stick with residential deals going forward.

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

Tara Iguidbashian - knowledgable investor agent in Denver