All Forum Posts by: Ben Yeshurun

This is a 6 unit building. 

Investment Info:

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

Purchase price: $540,000
Cash invested: $130,000

Great rental property in a up and coming neighborhood.

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

Great CASH FLOW

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

Got it from a realtor before it came up to the market

How did you finance this deal?

Local Bank

How did you add value to the deal?

Improve a few units and added a bedroom where it was possible.

What was the outcome?

Higher rents.

Lessons learned? Challenges?

Great finance is curtail, close your interest as fast as possible.
Have you taxes done as soon as possible.

Investment Info:

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

Purchase price: $457,000
Cash invested: $48,500

Just bought this 10 unit with 5 new investors.
Planning to lease the 3 empty units and raise rents on the current ones.
Aiming for at least $9500 monthly cash flow.
It won't be easy but those are the market prices so hard work will get me there.

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

Great ROI, undervalued

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

Zillow

How did you finance this deal?

Cash

How did you add value to the deal?

Renovated and raising rents slowly to market price

What was the outcome?

Will see

Lessons learned? Challenges?

Working with investors:
1. organized excells
2. know who is sitting in front of you
3. build relations and networks as much as possible
4. patience
5. Should be a win-win for each side

Hi, I did not plan to sell it at first but because it was hard to manage a property in that area I put it on the market for a high price. I told myself that if a good bid above market value will come I will consider taking it and it did.

In this case, I bought the house for cash and I am planning now to take a loan over it and buy another one.

Investment Info:

Single-family residence buy & hold investment in Chicago.

Purchase price: $75,000
Cash invested: $25,000

Bought the house in ok conditions.
I fixed the garage, added a bathroom in the basement, and made it into a 4bed 2 bath.
The basement is also ready for the bigger renovation I will do before I sell it.
For now it a great rental.

Hey @Jonathan R McLaughlin, you are right I meant 9% COC. If you look at ROI it is much higher because I increased the value of the property and prices are already higher.

If I take a 2% as an estimated annual appreciation and plan 10 years in advance I get around 13% ROI, but it is hard to say in advance.

Investment Info:

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

Purchase price: $58,000
Cash invested: $13,800
Sale price: $101,500

Bought this 4 unit in bad condition and without tenants.
After fixing the place I brought good tenants that get help for paying rent - like county assistant.
COVID19 made it difficult to handle tenants in that area but hard work paid off.
I sold the property to take over a better deal

I have attached some photos of how all units looked like after the fix-ups I did.

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

great ROI

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

off-market deal

How did you finance this deal?

CASH

How did you add value to the deal?

Signing good tenants and improving the units

What was the outcome?

23% profit in a 1.5 year not including rent.

Lessons learned? Challenges?

Where to invest.
how to test my contractor.
what is a good management company

Investment Info:

Single-family residence fix & flip investment in Milwaukee.

Purchase price: $61,000
Cash invested: $82,400
Sale price: $200,000

Bought the house from the bank.
It was a total makeover.

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

Buying from Auction.com for my first time

How did you finance this deal?

CASH

What was the outcome?

25%-30% profit

Lessons learned? Challenges?

Having a house close to a river is not only a good thing - people are scared of floods.
The importance of the size of the basement.
Which houses should get staged.

Investment Info:

Single-family residence buy & hold investment in Chicago.

Purchase price: $75,000
Cash invested: $25,000

Bought the house in ok conditions.
I fixed the garage, added a bathroom in the basement, and made it into a 4bed 2 bath.
The basement is also ready for the bigger renovation I will do before I sell it.
For now it a great rental.