8 unit apartment, Value Add

[Scott Kidd]

Investment Info:

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

8 unit apartment, Value Add

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

Great up and coming area of West Palm beach

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

Found it through a current partner who invited me into the deal.

How did you finance this deal?

Hard money

How did you add value to the deal?

Currently rehabbing

What was the outcome?

Just closed, should be 6 month staged rehab

Lessons learned? Challenges?

Rehabbing the occupied building, finding available sub contractors.