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?
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
Congrats Jim. 19% cap rate? yikes
Congrats! lol 19%!!!
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