Buy & Hold Multi Unit Vacation Rental

[Samantha McEntire]

Investment Info:

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

Purchase price: $330,000
Cash invested: $110,000

Purchased, rehabbed and now using one unit as a vacation rental and the other as long term rental. Cash flow is $1,100/month

How did you add value to the deal?

Full rehab of the property, ARV $480k

Plan is to cash out refi to fund the next deal