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

Investment Info:Small multi-family (2-4 units) buy & hold investment in Ruby.

They have been buying Greek junk bonds lately along with all kinds of other oddball and unique investments.

Is your goal to keep buying and expanding your portfolio?

I personally use private investors to fund all my flip deals and bank financing for commercial buy and hold deals.

Learn how to comp correctly and learn how to project rehabs correctly and they become neither good nor bad, just another source of deals for you to underwrite and decide if they fit your buy box. 

I was not interested at 1.2 mil but became motivated buyer when I could buy it for 800 and get 100k of upside I said sure why not..3.   3 houses  125k closing i put up all the money  he had two of them sold for 100k and that closed 5 days after we bought it so basis on the last house is about 25k .. and its on the market for 89k. 

Upgrades/repairs include:flooring (tile and carpet, entire house), painting (entire house), complete kitchen renovation with new appliances, cabinets, sink, lightingcomplete bathroom renovationsupgrade/replace ACupgrade/replace existing hot tub  upgrade/replace furniture/bedsupgrade/replace old pier with newadd new kayaks, paddle boards, and bikesI am thinking anything that is removable (furniture, appliances, water toys, bikes, pier, etc) could qualify as an asset for the LLC and thus be used as a tax expense for the LLC.  

Buy low, renovate smart, and sell high!

We have a chronic housing shortage, which results in an extremely hot rental market, but it also makes buying very competitive.