Updated about 6 years ago on . Most recent reply
6 plex hold fix and flip
Investment Info:
Large multi-family (5+ units) fix & flip investment in Lewiston.
Purchase price: $125,000
Cash invested: $12,500
Sale price: $185,000
6 plex fixed and held
What made you interested in investing in this type of deal?
It was an owner financed with a high cap rate
How did you find this deal and how did you negotiate it?
Craigslist, negoitated using an investment company whom held the note
How did you finance this deal?
Cash owner financed
How did you add value to the deal?
remodeled the units and roof
What was the outcome?
Made some money and got my feet wer
Lessons learned? Challenges?
Too many to list