All Forum Posts by: Zack Hunziker

Investment Info:

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

Purchase price: $155,000

Contributors:
Austin McClain

4 Plex brick building. Still having issues with management company. Fussy market in that regard. Cashflow now that it is running not bad. Took 6 months to stabilize a small MFR. HELOC purchase then Cash out Refi. $26k of my money to rehab and get running.

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

The seller was in trouble and I got a great purchase price!

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

BP agent off market deal

How did you finance this deal?

HELOC cash

How did you add value to the deal?

2 units turned. Normal makeready items.

What was the outcome?

Market rents in 2 units that got rehabbed. Rent raises on other 2 units.

Lessons learned? Challenges?

Before entering a New Market be absolutely SURE you have a solid management company ready to go. I thought I did but didn’t fully vet until later.

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

Austin McClain was the best in the whole transaction. Kept everything together and was very professional the whole time. Highly recommend Austin as your Agent if you are looking in the Ohio market Dayton and surrounding areas.

I have had a bad go in this fussy market. Talked with 6 plus management companies in Dayton OH. 2 bad companies over the last 6 months. Anyone have a good management company to reference in Dayton OH. 1 that you have directly used and understands the concept of asset management for remote investors. 
Any help is Greatly Appreciated.!!!!!!

Thanks

Investment Info:

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

Purchase price: $190,000
Cash invested: $50,000

4 Plex Cash Cow.!!!

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

High cash flow

How did you finance this deal?

30 year fixed

How did you add value to the deal?

Tenant class swap on all units.

What was the outcome?

All stable with rents at market value.!!

Lessons learned? Challenges?

Older assets cost more to fix. Lol

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

Agent only

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $125,000
Cash invested: $30,000

Fairly new 3bd 2ba house 2017 construction. Brand new LVP floor, Paint, bathrooms.

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

Online MLS

How did you finance this deal?

Conventional 30yr

How did you add value to the deal?

New LVP floor, paint, bathrooms

What was the outcome?

Minimal cashflow but descent equity.

Lessons learned? Challenges?

Run my numbers better.

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

Agent Elizabeth Brewer

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $99,000
Cash invested: $18,000

My very 1st deal.

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

Cheap and easy way to get experience.

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

Online MLS

How did you finance this deal?

Conventional

How did you add value to the deal?

Paint and minor repairs.

What was the outcome?

Minimal cash flow but some great lessons.

Lessons learned? Challenges?

Have in place your core 4 before making offers.

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

Agent, lender, friend (Broker), property management.