Updated 12 months ago on .
Partnership acquires 35 doors in 8 months.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $2,000,000
Cash invested: $200,000
Acquired 35 doors. Renovated 15, managing 20 with tenants.
What made you interested in investing in this type of deal?
Cash flow, appreciation, tax benefits.
How did you find this deal and how did you negotiate it?
Multiple deals. 2 8-packs.
How did you finance this deal?
Bank, private, own funds.
How did you add value to the deal?
Quality renovation.
What was the outcome?
Cash flow.
Lessons learned? Challenges?
Plenty.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Some.