Real Estate Deal Analysis & Advice

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Joshua Janus
  • Realtor
  • Columbus OH & Cleveland, OH
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BRRRR Duplex in Cleveland, Ohio

Joshua Janus
  • Realtor
  • Columbus OH & Cleveland, OH
Posted Jun 2 2022, 04:00

Investment Info:

Duplex - Small multi-family (2-4 units) buy & hold investment.

Purchase price: $85,000

Cash invested: $11,000

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

The goal is to acquire deals via other people's money to scale quicker and grow my portfolio. 

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

I found it by leveraging cold calls and follow up systems in the Cleveland and Columbus markets. 

How did you finance this deal?

Hard Money

How did you add value to the deal?

I am renovating the downstairs bathroom, repainting the interior, replacing various fixtures and completing other miscellaneous updates. 

Lessons learned? Challenges?

Be patient and review every deal that comes across your table and when something pops up, leverage the resources around you to finance it in a beneficial way. 

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

I represented myself in this transaction as a realtor and used https://wildcatlending.com/ to fund the price and rehab. 

Cleveland, Ohio

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Remington Lyman
  • Real Estate Agent
  • Columbus, OH
3,944
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3,889
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Remington Lyman
  • Real Estate Agent
  • Columbus, OH
Replied Jun 2 2022, 06:09
Quote from @Joshua Janus:

Investment Info:

Duplex - Small multi-family (2-4 units) buy & hold investment.

Purchase price: $85,000

Cash invested: $11,000

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

The goal is to acquire deals via other people's money to scale quicker and grow my portfolio. 

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

I found it by leveraging cold calls and follow up systems in the Cleveland and Columbus markets. 

How did you finance this deal?

Hard Money

How did you add value to the deal?

I am renovating the downstairs bathroom, repainting the interior, replacing various fixtures and completing other miscellaneous updates. 

Lessons learned? Challenges?

Be patient and review every deal that comes across your table and when something pops up, leverage the resources around you to finance it in a beneficial way. 

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

I represented myself in this transaction as a realtor and used https://wildcatlending.com/ to fund the price and rehab. 


 Congrats on the deal in Cleveland, Ohio!

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Shane Kelly
  • Real Estate Agent
  • Cleveland, OH
211
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244
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Shane Kelly
  • Real Estate Agent
  • Cleveland, OH
Replied Jun 2 2022, 06:14

Congrats! Where in Cleveland is this duplex located?

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Joshua Janus
  • Realtor
  • Columbus OH & Cleveland, OH
991
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Joshua Janus
  • Realtor
  • Columbus OH & Cleveland, OH
Replied Jun 2 2022, 06:30
Quote from @Shane Kelly:

Congrats! Where in Cleveland is this duplex located?


 3488 W 117th St, Cleveland, OH 44111

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11
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Michael Azzam
  • Real Estate Agent
  • Cleveland, OH
10
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11
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Michael Azzam
  • Real Estate Agent
  • Cleveland, OH
Replied Jun 2 2022, 10:00

Congrats on the investment! 

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111
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98
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Muhammad Amawi
  • Investor
  • Cleveland
98
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111
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Muhammad Amawi
  • Investor
  • Cleveland
Replied Jun 2 2022, 10:26

Congrats on the deal! Only a few miles down the road from my place. Great find

Lender Ohio (#2335749)

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Joshua Janus
  • Realtor
  • Columbus OH & Cleveland, OH
991
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Joshua Janus
  • Realtor
  • Columbus OH & Cleveland, OH
Replied Jun 2 2022, 10:40
Quote from @Michael Azzam:

Congrats on the investment! 


 Thank you!

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Joshua Janus
  • Realtor
  • Columbus OH & Cleveland, OH
991
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1,029
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Joshua Janus
  • Realtor
  • Columbus OH & Cleveland, OH
Replied Jun 2 2022, 10:40
Quote from @Muhammad Amawi:

Congrats on the deal! Only a few miles down the road from my place. Great find


 Awesome! Good area for rentals 

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Master Woodfork
  • Accountant
  • New Orleans, LA
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2
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Master Woodfork
  • Accountant
  • New Orleans, LA
Replied Jun 2 2022, 17:21

@Joshua Janus

What's the cashflow on this ?

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Joshua Janus
  • Realtor
  • Columbus OH & Cleveland, OH
991
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1,029
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Joshua Janus
  • Realtor
  • Columbus OH & Cleveland, OH
Replied Jun 2 2022, 17:39
Quote from @Master Woodfork:

@Joshua Janus

What's the cashflow on this ?


 Goal after I refi is 300-350/month. 

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Nicholas Misch
  • Real Estate Agent
  • Cleveland, OH
264
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305
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Nicholas Misch
  • Real Estate Agent
  • Cleveland, OH
Replied Jun 3 2022, 08:01

I thought no good deals existed! Way to find them and make them happen!

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James Wise
  • Real Estate Broker
  • Cleveland, OH
16,179
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24,429
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James Wise
  • Real Estate Broker
  • Cleveland, OH
Replied Jun 4 2022, 06:38
Quote from @Joshua Janus:

Investment Info:

Duplex - Small multi-family (2-4 units) buy & hold investment.

Purchase price: $85,000

Cash invested: $11,000

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

The goal is to acquire deals via other people's money to scale quicker and grow my portfolio. 

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

I found it by leveraging cold calls and follow up systems in the Cleveland and Columbus markets. 

How did you finance this deal?

Hard Money

How did you add value to the deal?

I am renovating the downstairs bathroom, repainting the interior, replacing various fixtures and completing other miscellaneous updates. 

Lessons learned? Challenges?

Be patient and review every deal that comes across your table and when something pops up, leverage the resources around you to finance it in a beneficial way. 

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

I represented myself in this transaction as a realtor and used https://wildcatlending.com/ to fund the price and rehab. 

 Gnarly

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Michael Hayes
  • Realtor
  • North Olmsted, OH
5
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10
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Michael Hayes
  • Realtor
  • North Olmsted, OH
Replied Jun 7 2022, 06:21

Great job on the BRRRR!

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Chase Lowry
50
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93
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Chase Lowry
Replied Jun 12 2022, 15:37

Beast!