All Forum Posts by: Jerrod Hill

It seems like all of the multi family houses I’m looking at are being won by all cash offers (not confirmed but a guess by my REA). Any tips on how to beat them out if I’m using traditional financing via a mortgage.

Thanks for the feedback!

How difficult and expensive is it to have a builder create a brand new 4 unit multi family home in the Midwest? I’m thinking about Ohio, Indiana, Michigan, etc. Debating the build vs buy strategy.

@Mike Cumbie Thanks. That’s very helpful to understand. Less complexity and less decision makers.

How do all cash offers differ from financed options. Is there an incentive for owners to take the cash versus mortgage financing?

Investment Info:

Single-family residence buy & hold investment in Atlanta.

Purchase price: $80,000

Bought a property and then held it. Good for appreciation.

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

I bought this property in 2012. It was my primary residence. I lived in it with a few roommates.

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

I found the deal with a real estate agent. I was able to get it with FHA and bought it at cost.

How did you finance this deal?

Finance the deal via FHA.

What was the outcome?

The Atlanta market increased by 10% YOY.