One of the biggest adjustments new investors need to make is to change the way they think.

Investment Info:

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

Purchase price: $212,500

Cash invested: $1

This tri-plex is in a more rural community. Although the property v...

Investment Info:

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

Purchase price: $212,500

Cash invested: $1

This tri-plex is in a more rural community. Although the property v...

Purchase price: $185,000 Cash invested: $27,750 After quitting my job on Jan 31st 2019 - biggest challenge is getting mortgages But good new is there many creative financing options, one of which is VTB -------I love this property because seller gave me 85% VTB for 4.15% interest for 25 years - 1 year 3 months term WIN - WIN for both of usfor seller he doesn't have to pay huge capital gain this year for me normally I would not get mortgage Purchase Price - 185,000Down payment + Closing cost - 31,500Renovations - 25,000After Repair Value - 240,000Potential Rent - $1700 per monthNet Cash Flow - 200$ per month What made you interested in investing in this type of deal?

Purchase price: $185,000 Cash invested: $27,750 After quitting my job on Jan 31st 2019 - biggest challenge is getting mortgages But good new is there many creative financing options, one of which is VTB I love this property because seller gave me 85% VTB for 4.15% interest for 25 years - 1 year 3 months term WIN - WIN for both of usseller doesn't have to pay huge capital gainsPurchase Price - 185,000Down + Closing - 31,500Renovations - 25,000After Repair Value - 240,000Potential Rent - $1700 per monthNet Cash Flow - 200$ per month What made you interested in investing in this type of deal?

Purchase price: $185,000 Cash invested: $27,750 After quitting my job on Jan 31st 2019 - biggest challenge is getting mortgages But good new is there many creative financing options, one of which is VTB I love this property because seller gave me 85%LTV for 4.15% interest for 25 years - 1 year 3 months term WIN - WIN for both of usseller doesn't have to pay huge capital gainsPurchase Price - 185,000Down + Closing - 31,500Renovations - 25,000After Repair Value - 240,000Potential Rent - $1700 /monthNet Cash Flow - 200$/month What made you interested in investing in this type of deal?

Purchase price: $185,000 Cash invested: $56,500After quitting my job on Jan 31st 2019 - biggest challenge is getting mortgages But good new is there many creative financing options, one of which is VTB Seller gave me 85%LTV for 4.15% interest for 25 years - 1 year 3 months term WIN - WIN for both [seller doesn't have to pay huge capital gains]Purchase Price - 185,000Down + Closing - 31,500Renovations - 25,000After Repair Value - 250,000Potential Rent - $1700-2000/monthNet Cash Flow - 200$/monthWhat made you interested in investing in this type of deal?

My biggest takeaway for new investors is to get very clear on the competition, potential new developments in the works, and the people who live within a 1, 3, and 5 mile radius of your potential site.  

What is the biggest difference between finding SFR tenants and MF, or apartments?

Knowing the background behind the numbers goes a long way toward helping dispassionate 3rd parties (like us BP forum dwellers) analyze a deal.1) The biggest thing that stands out is when you mentioned you plan to manage the property yourselves.