4-Plex obtained in Fresno as a buy and hold investment

[Vincent Vazquez]

Investment Info:

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

Purchase price: $430,000
Cash invested: $430,000
Sale price: $430,000

This was the first multi-unit purchase my wife and I obtained. Closed in 2021

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

Multi-family investments are a much more sound and safe investment than SFRs.

How did you finance this deal?

This was a cash deal.

How did you add value to the deal?

We have been completing repairs since we closed. We will do a cash out refi in the next couple years if equity continues to grow, and use the cash we pull out to invest in another property.

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

I was the RE agent for this deal.