Updated almost 4 years ago on . Most recent reply
#5 Real Estate Events & Meetups Contributor
- Real Estate Agent
- Lowell, MA
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4 family flip turned into repeat buyers
#5 Real Estate Events & Meetups Contributor
- Real Estate Agent
- Lowell, MA
Investment Info:
Small multi-family (2-4 units) fix & flip investment in Fitchburg.
Purchase price: $264,000
Cash invested: $53,000
Sale price: $385,000
Bought great 4 family in fitchburg at a great price from a retiring landlord looking to edit the game. We cleaned up a tenant situation and actually sold it off market to an investor. We kept the management of the building and the buyer has become a repeat client which has been great
What made you interested in investing in this type of deal?
Got it at a great price in a city we know well
How did you find this deal and how did you negotiate it?
Came to us off market from a retiring landlord
How did you finance this deal?
Commercial financing 20% down
How did you add value to the deal?
Got rid of a problem / hoarder tenant and cleaned the place up a bit
What was the outcome?
Great flip to a off market buyer who became a repeat customer
- Jonathan Bombaci
- [email protected]
- 978-710-8611
