Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

The POONIT 🤮 Strikes Again 😂 #realestate #multifamilycollective #realestateinvestment #shorts

8 Sept 2025 · 1 min

Watch on YouTube

0:49

In this short video Christian Osgood showcases a severely neglected two‑bedroom unit he dubs the “Punit.” The unit was covered in cat feces and urine, had rotting floors, bugs, and a pervasive foul odor, essentially a hazmat situation. The property is part of a seller‑financed 12‑plex acquired with a 4% interest rate on a five‑year debt product and at roughly a $250,000 discount. Osgood outlines the renovation plan: ripping out the damaged floors, installing brand‑new doors, flooring, cabinets, windows, appliances, and a range, turning the unit into a clean, easy‑to‑maintain home. He frames the project as an example of his broader strategy of buying rundown multifamily units in Afreda, Washington, and renovating them into desirable living spaces.

Chapters

We call this unit the Punit. This unit was absolutely covered in cat feces and cat pee. It was disgusting. It was a full hazmat thing. We had to rip out the floors. This is a seller-financed 12-plex. We got it 4% interest, 5-year debt product. Got it for like a quarter million dollar discount. However, the actual unit was disgusting. The cabinets were gross, the bedrooms were gross, the walls were gross, the floors were rotting, it reeked, there were bugs. Uh, this was nasty. When I talk about buying slums and making them nice places to live, this is what we're working on. We're putting on brand new doors, we have new flooring in, the cabinets are in. It's a small 2-bed unit, but it's in a fantastic area of Afreda, Washington. But check this thing out, this is the type of project I love doing. It's a simple reno, easy to maintain, brand new windows, appliances, range, whole nine yards. This thing's gonna be wonderful.