Small multi-family (2-4 units) buy & hold investment in Bordentown.
Purchase price: $325,000
Cash invested: $82,500
1 commercial unit. 2 residential units.
What made you interested in investing in this type of deal?
Cashflow opportunity in a great location.
How did you find this deal and how did you negotiate it?
How did you finance this deal?
Commercial bank lending.
How did you add value to the deal?
Problem solving with timing, inheriting issues, and tenant turnover issues.
What was the outcome?
Purchased successfully, found funding, found tenants, and addressed concerns.
Lessons learned? Challenges?
Solve problems and be flexible. Think long-term when presented with short term obstacles.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Updated about 2 months ago
@Mark Dalton congratulations on 2nd investment property!
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