Investment Info:

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

Purchase price: $135,000
Cash invested: $135,000

Got my second property in 6 months by partnering up with people with money!

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

The rents were below market, so no one was looking at it.

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

Through the MLS, cash offer helped make our offer strong

How did you finance this deal?

My partner used a cash out refinance on his home that I had to cosign for.

How did you add value to the deal?

Nothing yet, but one of the units can use a big rennovation!

What was the outcome?

Just purchased today

Lessons learned? Challenges?

Your offer can be really creative. We offered with a contingency to raise the rents and ask for a security deposit. It took a deal where most people saw no cash flow to a cash flowing deal.

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

I would recommend anyone on my team as someone that is to be worked with!