All Forum Posts by: Adriese Williams

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

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $52,000
Cash invested: $25,000

triplex won on auction, light rehab, currently fully rented, BRRR to get cash out

What made you interested in investing in this type of deal?

multi family

How did you find this deal and how did you negotiate it?

auction

How did you finance this deal?

private money, my own money

How did you add value to the deal?

rehabbed

What was the outcome?

BRRR

Lessons learned? Challenges?

none, was a smooth project

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

nah

Min loan amount? I need one for 40-50K

I need to refi a house that I own free and clear in my LLC

Recently appraised ay 67K

Looking to pull out 45K

Currently rented for 900 per month.

Open to any options, will buy another property with proceeds.

Thanks

• Go back to courthouse, or place of auction
• put in upset bid, usually 5% over current bid, 
• wait 10 days,
• get ready to purchase, if no one upsets your bid.
• This is the process in NC, check your state regulations

Looking to sell note

Buyer put 6k down on a 36,000 Mobile Home 3 beds 2 baths, Brick foundation, 1/2 acre lot.

Payment is 732.00 per month for 3.5 years

Let me know if interested, and let me know your criteria on similar notes, as I have a few similar deals I have owner financed.

Thanks

Need 35K to purchase and rehab, closing 11/27/17

Awesome! following!