All Forum Posts by: Kaden Hurtibus

Investment Info:

Mobile home buy & hold investment.

Purchase price: $775,000
Cash invested: $110,000

Closed on my first 17-pad manufactured home park with seller financing—30-year note at 5% interest. Still owned by the original owner, it was a huge value-add. We installed a new road, replaced the entire well system, cleaned up the park, and brought in dumpsters. Pad rents were under market and will be raised in August. There's also a 1 bed / 1 bath SFH on-site we'll be renting out soon. Still a work in progress, but big upside ahead.

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

Seller financing with instant equity and cash flow.

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

I have close ties with a commercial broker that was going to buy this deal but later backed out for another deal.

How did you finance this deal?

Seller Financing

How did you add value to the deal?

New Road, New Water System, Trash Out, Remodel the SFH on site.

What was the outcome?

Long Term Cash Flow

Lessons learned? Challenges?

Everything and anything you can think of.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Erich Bubbel - Commercial Real Estate Agent/Investor

Investment Info:

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

Purchase price: $350,000
Cash invested: $96,000

Picked up this 4-plex in North Syracuse from my grandpa the day after Christmas 2024. Rents were under market, so we filled the vacant unit, raised one rent, leased the 3-car garage to a car collector, and just signed a new tenant for Unit 1. No renovations yet, but we plan to do cosmetic updates as units turn over to boost long-term value and cash flow.

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

I know the market very well since I grew up in Upstate NY. Lots of potential in this area with an insane amount of new jobs coming.

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

My grandfather was off loading the 4-plex to 1031 into a condo in Florida.

How did you finance this deal?

DSCR Loan

How did you add value to the deal?

Raise Rents and cleaned up the entire property.

What was the outcome?

Long Term Cash Flow

Lessons learned? Challenges?

SYSTEMS are everything.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Certain Lending - Tim Fazio

Investment Info:

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

Purchase price: $350,000
Cash invested: $96,000

At the end of 2024, my business partner and I acquired a 4-plex in North Syracuse from my grandfather, who was ready to offload the property. We closed the deal the day after Christmas and immediately got to work—not with renovations, but with strategic rent optimization.

The property was in solid condition, but rents were well below market value, creating a clear value-add opportunity. It also included a detached 3-car garage, which we fully leased to a local car collector for additional cash flow.

Since closing, we’ve:

Filled the vacant fourth unit with a new tenant

Increased rent in one existing unit

Leased the garage for added income

Just signed a new tenant for Unit 1

We’ve now stabilized the property with full occupancy and improved income without any upfront renovation costs. Long term, our plan is to turn each unit and complete cosmetic remodels as they become vacant to continue driving up rents and property value.

This project has been a great example of leveraging relationships, recognizing underutilized assets, and focusing on long-term potential over short-term flash.

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

I know the market very well since I grew up in Upstate NY. Lots of potential in this area with an insane amount of new jobs coming.

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

My grandfather was off loading the 4-plex to 1031 into a condo in Florida.

How did you finance this deal?

DSCR Loan

How did you add value to the deal?

Raise Rents and cleaned up the entire property.

What was the outcome?

Long Term Cash Flow

Lessons learned? Challenges?

SYSTEMS are everything.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Certain Lending - Tim Fazio

Investment Info:

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

Purchase price: $305,000
Cash invested: $85,000

Picked up this off-market single-family home with my business partner—from my high school buddy’s grandma, actually.

We converted the basement into a 2 bed / 1 bath (881 sq ft) apartment with a private entrance, effectively turning it into a duplex. The upstairs is also a 2 bed / 1 bath, which we rented out immediately after closing to help offset our hard money loan costs.

Once renovations were complete, we refinanced into a DSCR loan, securing long-term financing and strong cash flow.

On top of that, the property sits on an alley-access lot, giving us a future development opportunity to add a DADU for even more income potential.

This one was all about creative structuring, value-add strategy, and making the most out of a solid off-market opportunity.

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

Tax Benefits and Cash Flow (This was my first Rental)

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

My good friend from high school. It was his grandmas home since childhood.

How did you finance this deal?

Hard Money then refinanced into a DSCR loan.

How did you add value to the deal?

$40k renovation turning the SFH into a Duplex. There is also room to build a DADU in the future with alley access!

What was the outcome?

$2,000 a month of cashflow

Lessons learned? Challenges?

Timelines are everything

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Certain Lending - Tim Fazio