Rental Property Investor · Battle Creek, MI · Member since 2019 · 9 posts · 6 votes
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Battle Creek.
Purchase price: $62,080 Cash invested: $870
How did you find this deal and how did you negotiate it?
Bought it from another investor who was looking to down-size.
How did you finance this deal?
Fully financed by a HELOC. Currently (Apr. 2020) going through a cash-out refi
How did you add value to the deal?
Increased rents
Lessons learned? Challenges?
Really learned a lot about analyzing properties AFTER this process. I had a rudimentary process, but have really refined that, taking what I learned with this first property and adding a lot more detail to my analysis.