Linton Duplex Purchase II

[Elliot Rivera]

Investment Info:

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

Purchase price: $194,000
Cash invested: $20,000

Buy & hold investment to mirror LLC's strategy.

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

Found the deal on the MLS. Purchased 3 duplexes at once.

How did you finance this deal?

Commercial lender. 30 year term with 10 year IO option to improve cash flows in near term.

How did you add value to the deal?

Cosmetic updates, painting, resurfacing bathroom, fixtures, etc.

What was the outcome?

Achieved COC returns in excess of 10% with IRR projections 0f 16-18%