Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $85,000
Cash invested: $31,000
Property needed alot of work, this property is a 2 unit house,
What made you interested in investing in this type of deal?
I was looking to invest, i started looking for something that i can do small renovation. Also was looking for turn key property, but i wanted to get something that i can get the money back and start the cycle again.
How did you find this deal and how did you negotiate it?
Found a realtor the help me alot on the negotiation.
How did you finance this deal?
i had to used a hard money lender for a bridge loan. for a 12 month term.
How did you add value to the deal?
yes i did i put almost 100k on renovation.
What was the outcome?
im getting ready to do a cash out refinance. need some help.
Lessons learned? Challenges?
Im hoping the numbers work out. jijijijiji
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
yes Timothy Moyer Great person.
