Cashflowing Fourplex in Appreciation Market

[Neil Ginty]

Investment Info:

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

Purchase price: $420,000
Cash invested: $110,000

A fourplex in a decent appreciation market which is just a solid buy and hold cash flowing investment

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

Decent cashflow in an appreciating market

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

MLS and local agent

How did you finance this deal?

Conventional

How did you add value to the deal?

Raised rents

What was the outcome?

Still cashflowing nicely

Lessons learned? Challenges?

How to manage awkward tenants and property managers

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

Tim Spate, good local knowledge