Updated about 6 years ago on . Most recent reply
Single Family house Converted to MF
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Coeur D Alene.
Purchase price: $110,000
Cash invested: $80,000
Rehab from hell. Converted a Single Family house to Multi Family.
What made you interested in investing in this type of deal?
Great price and BRRRR potential
How did you find this deal and how did you negotiate it?
Referred to me by another investor that didn't want to take it on.
How did you finance this deal?
Hard Money
How did you add value to the deal?
$135,000 and 7 months of rebuilding the house
What was the outcome?
Great cashflow
Lessons learned? Challenges?
Get permits early.
