DC Multi family

[Benjamin Matthews]

Investment Info:

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

Purchase price: $1,200,000
Cash invested: $240,000

12 Unit Multifamily

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

Off Market, networking with brokers

How did you add value to the deal?

Renovated all units.

What was the outcome?

tripled the rent roll, cash out, rinse repeat.

Lessons learned? Challenges?

Tenant buyouts.