Small multi-family (2-4 units) buy & hold investment in Meadow Lake.
Purchase price: $170,000
Cash invested: $110,000
Bought a major rehab unit. Partner/contractor had personal situation that delayed rehab. Working on rehab currently. Hope to have in move in condition 11/19.
What made you interested in investing in this type of deal?
Long term cash flow
How did you find this deal and how did you negotiate it?
Criagslist, negotiated through an agent
How did you finance this deal?
owner finance. Out of pocket for rehab. Will refinance when complete.
How did you add value to the deal?
Provided cash and labor
What was the outcome?
Lessons learned? Challenges?
Rehabing is not as difficult as I expected. Helps to have a great partner that was also a contractor for many years.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yeah, Dustin Renner
Free eBook from BiggerPockets!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you