Scranton 4 unit purchase

[Matthew Amabile]

Investment Info:

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

Purchase price: $140,000
Cash invested: $10,000

https://www.lehighvalleylive.com/warren-county/2021/11/how-a-24-year-old-went-from-1-pburg-home-makeover-to-a-thriving-apartment-business.html

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

Cashflow, partner deal

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

MLS, went in contract at asking and reduced pp $10k after realizing separate heat utility was wrongly reported on listing

How did you finance this deal?

hard $, refinanced 3 months later

How did you add value to the deal?

small cosmetic work done

What was the outcome?

great cashflow

Lessons learned? Challenges?

Do due diligence on purchases, get an inspection