New investment 8 unit (2- 4plexes)

[Patty Gonzalez]

Investment Info:

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

Purchase price: $965,000
Cash invested: $235,000

Purchased 2 side by side 4plexes for a total of an 8 unit investment

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

Previous 4plex purchase has been a great leveraging property for additional purchases.  4plexes are considered residential units and less risky as an investment vehicle so this purchase of 2 side by side properties added 8 units to our portfolio in two smaller purchases. 

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

Had my realtor and also property manager work with me in this area. It took a while because we are not local but we perservered.

How did you finance this deal?

25% down traditional loan

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

Yes. My agent and property manager is excellent. Arminda Reza