Fix and Flipping a multifamily property
Investment Info:
Small multi-family (2-4 units) fix & flip investment in Eau Claire.
Purchase price: $25,000
Cash invested: $12,500
Purchased a triplex that needs a lot of work in Eau Claire. Our currently plan is to fix and flip.
What made you interested in investing in this type of deal?
I have always been interested in flipping properties to put the cash you can make into buy and holds.
How did you find this deal and how did you negotiate it?
I found this deal by just talking to others. My employee that works for my assisted living business brought the deal to me.
How did you finance this deal?
Cash
How did you add value to the deal?
We plan to rehab the entire property to add value.
Most Popular Reply
Totally awesome. Start multi-fam... maybe eventually get into apartments? I've owned multi's in the past. Bought one as an REO for around 25k...don't remember the exact price but that was close... a duplex in KauKauna WI. Flipped it... was a break even deal. Also owned a duplex in chippewa falls... made about 20k on Brrrrr. And owned a triplex in chip fls.... love multi's... have you studied Dave Lindahl? He's like a multi-fam God. He owned about 190,000,000$$$ back wen i got coaching from him. Went to his events, he had body guards escort him to the bathroom... lol ... I'm sure he's worth alot more tod.
Best to you!
Kel