5 unit multifamily investment

[Cameron Quale]

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $415,000
Cash invested: $110,000

5 unit multifamily with 9.5 acres and about 1500 ft of river frontage. Two units are long term tenants, My family and I live in the big unit, and the other two units are currently being constructed into air bnb cabins.

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

The potential for Airbnb income being in close proximity to 3 local ski mountains, extensive hiking trails right off the property, and it's on a river which is great for fishing and kayaking in the summer.

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

My friend found this deal and purchased it, he didnt have the time for it so he flipped it to me for a small profit.

How did you finance this deal?

commercial loan 20% down

How did you add value to the deal?

Renovating and updating the units, painting the exterior of the units, and building 2 brand new air bnb cabins

What was the outcome?

An extremely well cash flowing diverse property.

Lessons learned? Challenges?

Money constitutes speed! The more access you have to funds for renovations etc, the faster you can reach your end goal with the property.