Updated over 3 years ago on . Most recent reply
5 unit Brrrr in Pottstown PA
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $90,000
Cash invested: $130,000
5 One-bedroom apartments.
How did you find this deal and how did you negotiate it?
I found it on Facebook, i didn't negotiate the sales price because it was already a great deal.
How did you finance this deal?
Hard money.
How did you add value to the deal?
Painted all the apartments, updated a bathroom, replaced a roof.
What was the outcome?
I was able to refinance it and put 50K in my pocket, I refinanced it again in 2021 and pulled out another 50K. My loan payment remained the same because I was able to get a lower interest rate.
- Chris Good