Large multi-family (5+ units) buy & hold investment in Twin Falls.
Purchase price: $250,000
Cash invested: $30,000
We bought a five unit apartment with owner carry financing
How did you find this deal and how did you negotiate it?
How did you finance this deal?
How did you add value to the deal?
What was the outcome?
To be determined
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am also investing in Twin Falls, I would be interested to hear what property this is and how it turns out.
Also interested in hearing about more details.
Sorry for the late reply! Yes the project is underway... we’ve completed the first unit and have a renter in place on a yearlong contract...were hoping to finish up and get it refinanced this summer not sure how long the seasoning period will have to be before we can refinance though...hopfuly getting the tenants on lease contracts vs month to month will shorten that period!
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