2nd Triplex, Lima One, MLS real estate agent
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $159,000
Cash invested: $53,000
2nd triplex, no rehab, inherited tenants, cash flows $1,000 per month
What made you interested in investing in this type of deal?
close to another property I own, little competition to take this down, used a agent
How did you find this deal and how did you negotiate it?
agent, MLS
How did you finance this deal?
Lima One, owner money, bridge loan
How did you add value to the deal?
working on landscaping, crawl space
What was the outcome?
stable, all tenants signed 1 year lease.
Lessons learned? Challenges?
Could have gotten it for a little less, was anxious to take 2nd triplex down
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Carol Scott , Hillsborough, NC
Most Popular Reply
sounds like a good deal, congratulations!