Updated over 2 years ago on . Most recent reply
Complete rehab for future student housing
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $290,000
Cash invested: $290,000
Single family front house 4 bd, 2bd back unit. Complete rehab down to studs. Current LTV, 39% annualized return 8.93%.
What made you interested in investing in this type of deal?
Cash flow
How did you find this deal and how did you negotiate it?
Tracked down owner of expired listing
How did you finance this deal?
Cash then cashed out refi
How did you add value to the deal?
Comps
What was the outcome?
Good cash flow great rental stability, appreciation
Lessons learned? Challenges?
Work flow in Wilmington NC