Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $875,000
Cash invested: $230,000

Contributors:
Jonathan Bombaci

FUN project! Listed for 1.2 million. Offered 875K and stuck to it. Needs 230K of work. In the historic district. Plan is to Flip it and if that doesn't work - a full BRRR!

ARV Projection - 1.4-1.5 Million

What made you interested in investing in this type of deal?

EXcellent market with potential to flip/BRRRR.

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

On the MLS

How did you finance this deal?

Hard Money

How did you add value to the deal?

3-4 unit turns, increase bedroom count and parking. Drive NOI!

What was the outcome?

TBD

Lessons learned? Challenges?

TBD

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Excellent seller agents and buyer team!