My Second Investment

[Tim Mieney]

Investment Info:

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

Purchase price: $150,000
Cash invested: $7,500
Sale price: $190,000

My second investment. Excellent cash-cow, but the building was tired and constantly needed maintenance. I inherited four tenants and only ever had to replace one of them. I decided to sell at the same time we sold the duplex. We did much better on this exit and moved profits into our next deal.