Updated about 3 years ago on .
Excellent 2 family to add to our portfolio on excellent street
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $415,000
Cash invested: $50,000
"For Sale By Owner" purchase. GRB Properties Picked this one up put the work in and have great tenants in there. Purchased this home in an expensive rate market but rents are also up. The numbers make sense so I buy.
What made you interested in investing in this type of deal?
Its where all my investments are I know the area well
How did you find this deal and how did you negotiate it?
for sale by owner and called the owner directly
How did you finance this deal?
HELOC and then cash out refi
How did you add value to the deal?
rehabbed the units to modern standards
What was the outcome?
tenants love the place and so do i
Lessons learned? Challenges?
be patient keep working