4-Family Investment in an A-Class Market
Investment Info:
Small multi-family (2-4 units) fix & flip investment.
Purchase price: $875,000
Cash invested: $230,000
Contributors:
Jonathan Bombaci
FUN project! Listed for 1.2 million. Offered 875K and stuck to it. Needs 230K of work. In the historic district. Plan is to Flip it and if that doesn't work - a full BRRR!
ARV Projection - 1.4-1.5 Million
What made you interested in investing in this type of deal?
EXcellent market with potential to flip/BRRRR.
How did you find this deal and how did you negotiate it?
On the MLS
How did you finance this deal?
Hard Money
How did you add value to the deal?
3-4 unit turns, increase bedroom count and parking. Drive NOI!
What was the outcome?
TBD
Lessons learned? Challenges?
TBD
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Excellent seller agents and buyer team!
- Andrew Bosco
- [email protected]
- (603) 833-0951
