Working on my first BRRR

[Damion Smith]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Newark.

Purchase price: $230,000
Cash invested: $39,000

3 Family house in Newark, NJ

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

Wanted a property that can provide Cash Flow.

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

Purchased through a wholesaler that I purchased from previously.

How did you finance this deal?

Hard Money and Cash

How did you add value to the deal?

Currently renovating the property.

Lessons learned? Challenges?

Currently looking for lenders to refi. It's been a little challenging to get a lender that can give me the LTV I was looking for. A lesson learned is to talk with lenders before getting into the deal.