Buy and Hold Property

[Ed Wolf]

Investment Info:

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

Purchase price: $410,000
Cash invested: $87,000

16 unit apartment building needed cosmetic upgrades in common areas and units

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

Looking for larger properties 15-50 door opportunities

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

Direct to the owner, all cash

How did you finance this deal?

Cash

How did you add value to the deal?

Upgraded common areas, and units to increase rents to market rents