Sold, Sold 2017 - 2-4 Unit
- Sale Price :$595,000
- Gross Rents:$5,000
- Cash Flow ( 20% Down Loan ):$1,085
- Net Rents ( Less Expenses ):$3,465
- Cap Rate: 6.98%
- Number of Units: 3
- Cash Flow (Low Money Down Loan): $356
- Cash on Cash ( Low Money Down Loan): 14.35%
- Cash on Cash ( 20% Down Loan ): 10.94%
This property came on the market and within days we had it under contract. It was mostly renovated and rents were at market. It had large bedrooms and updated kitchens and bathrooms.
“I found Brie through her Bigger Pockets Podcast episodes and wanted to work with her because of her honesty. She has the other qualities mentioned on this site too like being extremely knowledgeable and really responsive with email/phone. But, I think the most rare and valuable thing is someone who will be honest with you and won’t fill your head with B.S. about the garbage deal you have fallen in love with. Similarly, Brie isn’t going to tell you that you can rehab this 4 flat with five grand and your brother-in-law. She’ll give you a good idea of how long it will take, how much it will cost, and how much you will cry if you take this project on.
She is a great realtor in a bunch of ways (going above and beyond for her clients, Awesome data driven approach), but I just wanted to highlight something that other people probably won’t talk about as much.
I, also, want to add figures on the deal we did with Brie. We bought a place in Logan Square (6 blocks west of the Logan Square Blue Line) for $595,000. It was rehabbed and pretty ready to go. We are living in the first floor and the basement/2nd floor are covering the mortgage. A pretty great deal, in my opinion. I am definitely going to work with Brie when I am ready to buy my next property.”