Updated about 2 years ago on .
Bar and SRO
Investment Info:
Other buy & hold investment.
Purchase price: $60,000
Bar (leased) and 11 SRO units
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?
MLS. Made offer day after it was listed. Negotiated after inspection.
How did you finance this deal?
Seller financing
How did you add value to the deal?
Made improvements to the building and raised rents
What was the outcome?
Still own it
Lessons learned? Challenges?
Treat it like a business, hired out work, improved tenant management skills