Great cash flow potential 12 Plex

[Luis Perlish]

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $625,000
Cash invested: $145,000

12 Plex unit with great cashflow potential. Working on remodeling units to obtain proper rental market share.

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

Cash flow potential.

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

I found this deal thru my realtor.

How did you finance this deal?

25% down 85% loan

How did you add value to the deal?

This building was family owned and had many offers on the table, mine was not the best. My realtor knows that our goal is to buy, improve the property and hold. This was communicated to the seller, seller saw the contract and knew the vice president of the bank loaning the money, call him and the rest is history.

What was the outcome?

Seller decided to take my offer even though he could have made more money with other offers based on what he heard from me. I am grateful for this and I have to stick to my word. Improve the building and carry on his legacy.

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

Yes I did. Her name is Margie Coldburn from EXPREALTY. She is been my rock in Omaha for the past 3 years, I don't think I could have tackled this area without her wisdom and help.