Investment Info:
Small multi-family (2-4 units) commercial investment investment.
Purchase price: $40,000
Cash invested: $100,000
Building a duplex from the ground up. 1600 sq ft. 4-2. Each unit is 2-1. Should be wrapped up in June 2024.
What made you interested in investing in this type of deal?
I like development and building equity.
How did you find this deal and how did you negotiate it?
I found this deal by driving around and talking to lots of people. I was able to get into this by networking with some very smart and talented people in the local market and banking.
How did you finance this deal?
I used some of my own capital and commercial financing.
How did you add value to the deal?
I added value with forced equity. Built from the ground up.
What was the outcome?
Still finishing up. I have about a month to go and looking to sell.
Lessons learned? Challenges?
I learned partnership with smart people can speed up a positive outcome.
