Small multi-family (2-4 units) buy & hold investment.
Purchase price: $305,000
Cash invested: $91,500
excellent 3 family I picked up from someone in trouble with tax issues and unfinished unit. Excellent street and excellent cash flow.
What made you interested in investing in this type of deal?
the seller had tax issues and unfinished units so it was very attractive
How did you find this deal and how did you negotiate it?
a real estate agent i know said their current buyer was scared to buy it.
How did you finance this deal?
How did you add value to the deal?
i was willing to see past the problems.
What was the outcome?
a home run property that cash flows great
Lessons learned? Challenges?
keep an open mind and see the deal finished in your mind.
Congrats @Gary Robert Burnham Jr.! Have you begun the renovations or updates to the unfinished unit? I bet you bought into some solid equity from this deal. What are the rent projections?