Updated over 3 years ago on . Most recent reply
Another MF rental property
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $540,000
Cash invested: $130,000
Great rental property in a up and coming neighborhood.
What made you interested in investing in this type of deal?
Great CASH FLOW
How did you find this deal and how did you negotiate it?
Got it from a realtor before it came up to the market
How did you finance this deal?
Local Bank
How did you add value to the deal?
Improve a few units and added a bedroom where it was possible.
What was the outcome?
Higher rents.
Lessons learned? Challenges?
Great finance is curtail, close your interest as fast as possible.
Have you taxes done as soon as possible.