Multi family purchased prior to pandemic

[Georgeanna Tracey Newmones]

Investment Info:

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

Purchase price: $105,000
Cash invested: $30,000

Triplex, 2-2 story 3brs and 1-2br

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

Brrrrn investment with great potential

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

Licensed agent

How did you finance this deal?

Conventional

How did you add value to the deal?

Renovated all units

What was the outcome?

Great multi-family with good cash flow and equity.

Lessons learned? Challenges?

The biggest lesson was securing a few contractors (we had a few contractors who started and left for better work.