Large multi-family (5+ units) buy & hold investment.
C class heavy value add. Bought with owner financing and once all 72 units have been renovated it will be rolled into long term agency debt.
What made you interested in investing in this type of deal?
Proven business model that we have completed 15 minutes away.
How did you find this deal and how did you negotiate it?
Cold calling owners followed up with a letter, an offer, and a rubik's cube.
How did you finance this deal?
How did you add value to the deal?
Operator and aquistion
What was the outcome?
Why the rubicks cube?
I stole this from a fellow biggerpockets member. I attached a note stating " Lets figure this out". The previous owner was old and I was looking for something that flip the switch to make him want to sell.
@Adam Pollard Phenomenal story!
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