Updated about 4 years ago on .
Partnering with non-profits can work!
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $184,500
Cash invested: $67,298
We partner with a local non-profit to help provide housing to Trans youth ages 14-21 that have been experiencing homelessness immediately prior to becoming our residents.
What made you interested in investing in this type of deal?
We have always wanted to have a social mission to our investing.
How did you find this deal and how did you negotiate it?
This property was owned as a rental property by one of my clients. He was going to list it with me on the open market, but we put the deal together instead.
How did you finance this deal?
Traditional conventional financing.
How did you add value to the deal?
We have a unique partnership with a non-profit. We provide a high standard of living, flexible rental terms, and a very high level of service in exchange for guaranteed rent and 100% occupancy.
What was the outcome?
An outstanding partnership that has flourished. We are currently searching for a multi-family property to help the program grow.