4 One Bedroom apartments

[Chris Good]

Investment Info:

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

Purchase price: $125,000
Cash invested: $30,000

4 one bedroom apartments

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

It was something I could afford at the moment.

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

This was my first investment, I found it on loopnet It was listed for 135,000 and a purchased it for 125,000 I negotiated it simply by asking if they would do 125K.

How did you finance this deal?

I had some money saved up for the down payment and the rest was financed by a local bank.

How did you add value to the deal?

I've updated one apartment so far and will update the others when folks move out.

What was the outcome?

A good solid cash-flowing property that gives me very little trouble and has had some nice appreciation since I've purchased it.