BRRRR Multifamily/ Off-Market
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $100,000
Cash invested: $20,000
BRRRR Candidate!
Used a commercial bank loan as hard money, will refinance later.
Chose to use a bank loan instead of hard money in case the worst happen with our economy, I can just ride out the financing and cash-flow the whole time.
Valued at about $135K, rent is about 1100/month. Will refinance in 6 months.
What made you interested in investing in this type of deal?
WIll pull 100% of invested capital out.
How did you find this deal and how did you negotiate it?
Off market/wrote a letter to owner
How did you finance this deal?
commercial bank financing with 20% down.