Small Town 4 Plex Investment

[Krissie Poplin]

Investment Info:

Small multi-family (2-4 units) note investment investment.

Purchase price: $250,000
Cash invested: $32,000

This is a two story split level property with two units upstairs and two downstairs. There is a commons area with a coin operated washer and dryer, which provides an additional income for us.

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

My husband and our co-investor (my brother & sister in law) were looking for a multifamily unit larger than a duplex as we have never purchased one before and love the convenience of the multifamily properties.

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

We found this deal actually on Facebook and negotiated it.

How did you finance this deal?

This deal was financed on a conventional 30 year mortgage.