Buy and hold 4 family in Woonsocket, RI

[Jaston Robinson]

Investment Info:

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

Purchase price: $370,000
Cash invested: $18,000

We purchased a 4 unit in Woonsocket, RI and updated 3/4 units along with the of the property.

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

We invested in this deal specifically for cash flow.

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

Retail buy

How did you finance this deal?

Traditional lending

How did you add value to the deal?

Saving money buy applying a massive amount of sweat equity.

What was the outcome?

We are currently cash flow positive and using those funds for the next buy and hold.

Lessons learned? Challenges?

We learned its okay to do some sweat equity, however you have to get contractors involved at some point.