Great falls 5-plex Furnished Investment

[Tory Brown]

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $370,000

Made a huge level up in my portfolio and career with this one. When I assumed this property, the gross monthly rents were $3000. With a $200 increase per unit I’m already at $4000 with plans to individually update and furnish each unit. Plan is to rent through furnished finder to traveling nurses. Wildly huge need for furnished properties in Great Falls. Once all units are updated and furnished rental income should gross in the $7k-$8k/month range.

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

Trying to get more units/cash flow under my belt.

How did you finance this deal?

Commercial financing.