fix and flip multi family - Iowa
Investment Info:
Large multi-family (5+ units) fix & flip investment.
Purchase price: $440,000
Cash invested: $120,000
Sale price: $595,000
Small multi family, deal consisted of 2 4unit buildings, 8 units total. fixed up each unit when turn occurred, self managed and sold for profit.
What made you interested in investing in this type of deal?
cash flow and forced appreciation
How did you find this deal and how did you negotiate it?
on market - realtor
How did you finance this deal?
commercial 7 year financing
How did you add value to the deal?
fixed each unit when turn occurred - flooring, paint, wall smoothing, adding laundry rooms.
What was the outcome?
great profit.
Lessons learned? Challenges?
Be careful working with partners.
- Sarah Akin