All Forum Posts by: Dolf Al Emara

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $3,150,000

We bought this 16-unit building. In desperate need of rehab. lots of upsides.

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

Lots of potential

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

On-market
I negotiated a seller financing with the seller, and he agreed to my terms. This deal would not have been possible without this.
They failed to disclose material facts. I used it to our advantage rather than listening to my investors and filing a lawsuit. I got us $275k worth of cash credits. I am a 20% owner of this deal.

How did you finance this deal?

Seller financing at way lower interest than traditional lender rate.

How did you add value to the deal?

Rehab and cash for keys.

What was the outcome?

It will appraise for at least 2.5X of the original purchase price in a 3-year time period.

Lessons learned? Challenges?

Dealing with tenants in a City of LA rent-controlled building.

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

Me :)

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $410,000
Cash invested: $50,000

I bought this house as a flip but kept it as a rental.
It needed lots of rehab. There were illegal additions in the back of the unit.
Original setup: 700 sqft, one bed, one bath.
New setup: 1039 sqft, three beds, three baths.
List of modifications.
Fire sprinklers, plumbing, sewer lines (to city main), electrical, kitchen, bathrooms, flooring, driveway with four cars parking spaces, and foundations.

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

Lots of potential and upside

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

From the network of fellow real estate agents. It was an off-market deal.

How did you finance this deal?

Hard Money Loan

How did you add value to the deal?

Heavy rehab. Legalizing illegal additions with the least amount of demo.

What was the outcome?

Bought at $410k. Appraisal in 2024 showed $650k for a refi. I know for sure if I sell, it will bring me $720k sale price.

Lessons learned? Challenges?

Hire the right architect to avoid plan delays.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $410,000
Cash invested: $50,000

I bought this house as a flip but kept it as a rental.
It needed lots of rehab. There were illegal additions in the back of the unit. I got plans and a permit to legally add it to the sqft.
Original setup: 700 sqft, one bed, one bath.
New setup: 1039 sqft, three beds, three baths.
List of modifications.
New everything: fire sprinklers, plumbing, sewer lines (to city main), electrical, kitchen, bathrooms, flooring, driveway with four cars parking spaces (it did not have one, can you believe it?), and foundations.

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

Lots of potential and upside

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

From the network of fellow real estate agents. It was an off-market deal.

How did you finance this deal?

Hard Money Loan

How did you add value to the deal?

Heavy rehab. Legalizing illegal additions with the least amount of demo.

What was the outcome?

Bought at $410k. Appraisal in 2024 showed $650k for a refi. I know for sure if I sell, it will bring me $720k sale price.

Lessons learned? Challenges?

Hire the right architect to avoid plan delays.

Investment Info:

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

Purchase price: $410,000

I bought this property during COVID-19 when everyone was running away from buying rental units.

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

I wanted to try out-of-state investing.
Here is how it started. I was eager to invest in Idaho, primarily near Boisy. I went into escrow for a 4-unit building, but the seller backed out on me 3 days before closing escrow. I sent him a letter from my lawyer to honor his part of the deal. He refused to sell me. He said that he thought renters would not pay rent during COVID-19 and was wrong. I didn't want to go to court for obvious reasons, so I took a $40k damages check and bought this deal.

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

word of mouth
I did not negotiate price that much since I knew it was a solid deal for the price and condition of the building.

How did you finance this deal?

traditional loan financing

How did you add value to the deal?

increasing rents every year, fixing up the units

What was the outcome?

Value increased from $410k to $760K over 4 years period. I have invested $0 since I cashed out 2 times.

Lessons learned? Challenges?

Find ways to increase income periodically to get the most out

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

message me

Hello all,

I need an insurance quote for my 4-plex rental property in Mountain Home ID. 

Call or text me

Dolf

(323)630-8552

To add to @Calvin Ozanick’s point, there are some companies offer handwritten like font on your card. 
thanks Calvin, that is a good point. 

I am about to start my campaign as well soon. I will be using yellowletterhq.com. let me know what you think of them. if I find another one, I will let you know here. you do the same if you find some good company with track record. 

thank you @Michael Barnhart. I talked to some loan broker, he will tell me how much I would be qualified for.

hello all,

I have purchased 3 deals so far, would like to purchase 5+ units next. my question is, how do banks look at my application to decide how big is the loan the can give me. is it my net worth? do they take into account my previous loans?

can someone (preferably loan officer, or experienced investor who have 5+ units) give me an example on how banks calculate that?

cheers!

Dolf