All Forum Posts by: Preston Heninger
Preston Heninger has started 2 posts and replied 3 times.
Hey BP fam,
I'm moving to Utah in a month or so and am looking for my next multi-family investment. With a tri-plex in reno under my belt last year, I'd love to duplicate or even add a few units on to that this year.
Breaking into a new market is tough though! So I'm reaching out to you! If any of you know someone trying to get out of a tri or 4 plex I'd love to talk! Or if you're an investor in the utah county area I'd love to meet up and network!
Thanks in advance and God speed!
Post: From a tri-plex to beyond
- Posts 3
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Post: From a tri-plex to beyond
- Posts 3
- Votes 3
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Reno.
Purchase price: $300,000
Cash invested: $17,000
Our first investment, a house hacked dueplex into a triplex.
What made you interested in investing in this type of deal?
The cashflow opportunity.
How did you find this deal and how did you negotiate it?
MLS, through a realtor.
How did you finance this deal?
FHA Loan
How did you add value to the deal?
Added another living space, rehabbed the whole yard and landscaped.
What was the outcome?
A living space for my wife and I along with $1300 in cashflow.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Brad Lewis. Will be doing more with him in the near future!
