first 4-plex that cash flowed 3k/month.

[Cizko Quevedo]

Investment Info:

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

Purchase price: $500,000
Cash invested: $100,000

bought a 4-plex. cash-flow 3k/month. I live rent free on top unit.

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

I wanted to own property and not be a renter.

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

driving around.

How did you finance this deal?

personal capitol, and a bank loan

How did you add value to the deal?

complete renovation on a destroyed 2nd story unit, and back house unit, a lipstick job on a tenant occupied unit and a gut job on the 3rd unit.

What was the outcome?

cash flow

Lessons learned? Challenges?

I'm pretty good at analyzing properties. effort pays off.

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

yes, my sister was an agent.