First 4 Unit in Toledo!

[Stephen Brown]

Investment Info:

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

Purchase price: $265,000
Cash invested: $87,500

I cold called a lawyer and he wasn't much of a Landlord... I ended up buying his place for $43,000 under market value. His rents were very low but he put a lot of work into the property so it was mostly turnkey. I doubled the rent on one unit after the tenant left and increased the others by 200-400 dollars.