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Updated over 3 years ago,
8 unit apartment, Value Add
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.