All Forum Posts by: Shane J. Renard

Investment Info:

Small multi-family (2-4 units) commercial investment investment.

Purchase price: $75,000
Cash invested: $75,000
Sale price: $75,000

A large multi family lot, that I am building a large high end Duplex on. Then I will condo this duplex and sell, and move onto the next property.

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

To build a high end duplex, then condo this duplex and sell each half to an end user.

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

Builder partner. I was going to buy the entire subdivision but he passed away unexpectedly. Now, I have this one lot and will build it out and sell the two halves.

How did you finance this deal?

Cash

How did you add value to the deal?

Building on the land.

What was the outcome?

In the process

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

Myself. I am a developer.

Investment Info:

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

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

This is one of my investment I personal own

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

Cashflow

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

Attorney in town. Bought this property from him.

How did you finance this deal?

Cash

How did you add value to the deal?

Updating the property and increased the rents

What was the outcome?

1300 monthly cashflow

Lessons learned? Challenges?

Value added for arbitrate value.

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

Myself. I am a real estate broker owner of a firm.