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Real Estate Deal Analysis & Advice

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Jim Mills
  • Rental Property Investor
  • Ohio
1
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10
Posts

My first Multifamily

Jim Mills
  • Rental Property Investor
  • Ohio
Posted Jul 10 2020, 19:51

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Greenville.

Purchase price: $88,000
Cash invested: $10,600

Negotiated a cash cow from this Triplex! The cap rate is over 19%!

What made you interested in investing in this type of deal?

Looking for cash flow properties

How did you find this deal and how did you negotiate it?

Contacted a local Real Estate I knew well.

How did you finance this deal?

Regional Bank

How did you add value to the deal?

$99,900 was the asking price and I offered 96k. After they accepted I used the property inspection to negotiate an 8k check at the closing. A tip I got from BP Real Estate Rookie!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Shaun Hayes from Berkshire Hathaway

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