All Forum Posts by: Austin Perreault
Austin Perreault has started 1 posts and replied 1 times.
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $650,000
Cash invested: $180,000
4 unit multi family fixer upper. 2 units currently rehabbed. 2 units with long term tenants. Currently re sidding and adding value to the home.
What made you interested in investing in this type of deal?
I wanted to have some sort of investment towards the future. As my construction business is doing well and I love what we do, one day I know I will not be able to swing the hammer as well.
How did you find this deal and how did you negotiate it?
Through another builder/ broker.
How did you finance this deal?
Conventional loan 25% down
What was the outcome?
We are still learning
Lessons learned? Challenges?
Adding value to the building is great, I'm not sure if we are putting too much in.