Updated over 5 years ago on . Most recent reply
Newark 5 - Unit Rehab Project
Investment Info:
Large multi-family (5+ units) buy & hold investment in Newark.
Purchase price: $274,000
Cash invested: $45,000
5 Unit distressed asset purchased in the Westside of Newark.
What made you interested in investing in this type of deal?
The cost basis
How did you find this deal and how did you negotiate it?
Another realtor
How did you finance this deal?
Hard Money
How did you add value to the deal?
Rehab
What was the outcome?
Property appreciated nearly 2x
Lessons learned? Challenges?
Tenants in C/D markets present unique challenges.