Small multi-family (2-4 units) buy & hold investment in Milwaukee.
Purchase price: $260,000
Cash invested: $35,000
Sale price: $260,000
Beautiful 4 Unit in South Milwaukee in Grant park along the Lake front area close to the beach
What made you interested in investing in this type of deal?
iam interested in this business cause real state is a great investment option, it has a high tangible asset value and will always increase over time.
How did you find this deal and how did you negotiate it?
i found it in a lot of researches, been proactive and having a very good real state agent.
How did you finance this deal?
through a VA loan
How did you add value to the deal?
making rehabbing and upgrading units,
What was the outcome?
Still holding and increasing value
Lessons learned? Challenges?
Still learning every day how to manage, trying to be a better manager and make tenants happier in there homes. Trying to learn how to do projects and get construction projects done at quality levels.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Agent and lending bank
Awesome, great way to get started! Welcome to BP!
Nice! Sounds like a good one to get started with. I suggest continuing the underwriting knowledge piece also. The management piece is important also but in this hot market you want to know all of the underwriting strategies to ensure you are buying right.
Congrats on the deal and sharing your story. Every deal has something to teach us and it’s great to hear other stories. Being willing to do the work others don’t want to do (updating/rehabbing) is a great way to find deals. I personally just got a killer deal because I was willing to do the foundation work that sellers didn’t. Congrats again and good luck finding the next one.
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