Small multi-family (2-4 units) buy & hold investment.
Purchase price: $640,000
Cash invested: $160,000
Sale price: $640,000
This 4 plex was an off market deal. Our buyer got this 4 plex for a great price as it had appraised for over $700,000.
What made you interested in investing in this type of deal?
Our investor wanted to get out of the high cost of the Denver area and wanted better cash flow.
How did you find this deal and how did you negotiate it?
We partnered up with another agent, he had the seller and we had the buyer. Found his post on a Facebook post he did.
How did you finance this deal?
Our investor put 25% down with doing a 1031 exchange and financed the rest.
How did you add value to the deal?
He is planning on flipping each unit once tenants move out
Hey @Melissa Harris -
This is a great example of how relationships, creative financing (via the1031 ex), and even unorthodox listing sources (Facebook) can come together to produce winning results for everyone involved. Thank you for sharing and keep up the great work!
@Terrell Doyle I absolutely agree! It was certainly a win win situation for everyone involved! And we are happy to see our client getting one step closer to financial freedom! He is ready for his next buy next year :) Thank you for the comment!
@Melissa Harris Great work! Looks like you found a good 1031 exchange buyer and were able to fill their need. That is a battle often times but sticking with your buyer gave you fruit! Keep it up!
@Alex Olson Thank you I appreciate the comment! Yes it was certainly a long process on finding the right one that matched what he was looking for as far as numbers go and location. It was a great feeling knowing that we found him one that fit :)
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