All Forum Posts by: Nathan Gray

@Steven Foster Wilson thanks! Yes there are plenty of tenants that want to live in this area. It’s very close to hospitals and restaurants and schools etc. I’m able to find tenants for $600/mo for one bedrooms and $750/mo for some of my two bedroom places. 

Investment Info:

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

Purchase price: $167,000
Cash invested: $33,000

4-plex in Kettering Ohio with 1br units.

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

Cashflow and experience and appreciation.

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

On the MLS with an agent.

How did you finance this deal?

Family Partners and traditional financing

How did you add value to the deal?

Minor repairs and deferred maintenance.

What was the outcome?

Still holding/improving.

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

David Campbell was our buyers agent.

As Brandon Turner always says you need Hustle, Knowledge, and Capital for any deal. In order to find a good business partner like you describe you'll have to tell people what your strengths and experience are.

What type of investments have you already done? What types do you still own? What type are you interested in pursuing in the near future?

Join this FB group Dayton RE Investors They've been pretty helpful for me. I'm in Beavercreek/Kettering. Let me know if you want to talk real estate sometime!

Sorry if this isn't the right place but I have a relative who has seen my modest success in partnering with other family members using traditional mortgages on two 4-plex's and is interested in partnering with me/us by investing in other small properties IN CASH. My question is how do I legally and most advantageously close on a property with someone elses money instead of a bank? I.E. will my relative simply be the one to provide proof of funds to the seller and then wire the money directly to the title co at closing? Or is there something else we'll have to do to keep everything kosher.

Thanks!