Updated about 2 hours ago on . Most recent reply
Live and flip a small multi
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Kearny.
Purchase price: $551,000
Cash invested: $130,000
its a 2 family need work, lucky on this one because right after I purchased this the rent skyrocketed and soon the price also scyrocketed. the cash flow is great and I have ton of equity
What made you interested in investing in this type of deal?
cash flow and growth
How did you find this deal and how did you negotiate it?
on market and I did not negotiate at all as I am a newbie. infact I bought a fixer upper at almost full price lol
How did you finance this deal?
conventional
How did you add value to the deal?
fix everything up and finish the 3f
What was the outcome?
it is cash flowing amazing
Lessons learned? Challenges?
dont be scared, any one can do anything, youtube university is great.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
no this is an open house we dont have an agent.