Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $305,000
I purchased it with zero dollars invested. I then did a 60,000 rehab to make it a tri-plex.
What made you interested in investing in this type of deal?
Multi-family properties allow you to employ several different investment techniques. The property is currently doing two long term rentals and I live in the 3rd unit, but I plan to convert two units into STRs this summer.
How did you find this deal and how did you negotiate it?
I utilized Niyi Adewole, another agent in the ATL area, whose team I am now a member of.
How did you finance this deal?
VA financing
How did you add value to the deal?
Made a 3rd Unit
Lessons learned? Challenges?
I now have a better network of contractors in the ATL area.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Myself and Niyi Adewole
