Cashflowing Fourplex in Appreciation Market

[Neil Ginty]

Investment Info:

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

Purchase price: $420,000
Cash invested: $105,000

Fourplex with slightly low rents but a solid income producing deal in appreciating market. Wasn't much to fix, idea was to just generate cashflow

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

Cashflow in appreciation market

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

MLS and negotiated via our agent after inspections

How did you finance this deal?

Conventional

How did you add value to the deal?

Raised rents

What was the outcome?

Ongoing cashflow

Lessons learned? Challenges?

Good property managers are hard to find
Always check the crawl space

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

Yes, Tim Spate