All Forum Posts by: William Deterling
William Deterling has started 2 posts and replied 2 times.
Post: 4 unit residential investment
- New Hampshire
- Posts 2
- Votes 0
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $382,500
Cash invested: $125,000
4 unit 2 bdrm each
What made you interested in investing in this type of deal?
Great bldg shortage of rental units, very low rents
How did you find this deal and how did you negotiate it?
Online, offer over asking price, bidding against one other.
How did you finance this deal?
Conventional residential mortgage
What was the outcome?
Purchased
Lessons learned? Challenges?
Inherited tenants can be a joy, 3 of 4 were fine.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes, Donna Ward, Exit Realty
Post: 8 unit residential investment
- New Hampshire
- Posts 2
- Votes 0
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $202,000
Cash invested: $150,000
8 unit bldg
What made you interested in investing in this type of deal?
Price and improvements looked to be a great long-term investment bldg
How did you find this deal and how did you negotiate it?
Bldg was casually mentioned while looking at another property. Full price offer was accepted
How did you finance this deal?
Conventional commercial
Lessons learned? Challenges?
Finding honest tradesmen. Electrician was great. Home inspection was a joke, as I found out later with the city inspector. Had to rewire building before new tenants could move in.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No