Sold, Sold 2017 - 2-4 Unit
- Sale Price :$45,000
- Gross Rents:$4,000
- Cash Flow ( 20% Down Loan ):$985
- Net Rents ( Less Expenses ):$2,805
- Cap Rate: 7.39%
- Number of Units: 3
- Cash Flow (Low Money Down Loan): $427
- Cash on Cash ( Low Money Down Loan): 22.52%
- Cash on Cash ( 20% Down Loan ): 12.98%
This property was listed wrong on the MLS so it did not come up in my searches, but the client saw it online so we set up an appointment. There was an additional unit not listed online for this brand new rehabbed property. We made the offer quickly and got it locked in, even rented out on of the units before closing.
“I found Brie on Bigger Pockets after knowing I wanted to start investing in real estate but wasn’t sure where to start. I knew I needed to find the right agent who was used to helping investors and I definitely came to the right person with Brie.
Like others have mentioned, one of the greatest benefits you get from Brie is her honesty. Many people have the knowledge about investing, but they may be looking out for themselves and aren’t always looking out for your interests. Brie was the exact opposite. She knew everything about the industry but also supplied you with that information in order for you to know exactly what decisions you were making and be as informed as possible.
Another huge benefit of working with Brie is that she goes above and beyond what her job description is of being a real estate agent for her clients. She doesn’t just help you purchase a property and then leave you fumbling as you start this new “job” as a landlord. She was there for every call, every text, every email and saved me a huge amount of time if I had to figure out this new landlord position myself. She has not led me wrong and always been a champion of my success in this new endeavor.
If you’re interested in purchasing a property to get started in multi-family real estate investing, do yourself a favor and contact Brie. It can seem like a scary process, but Brie will help you over every hurdle along the way.”