Investment in rental property

[Sherril Coonfield]

Investment Info:

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

Purchase price: $120,000
Cash invested: $10,000
Sale price: $250,000

small multi family property

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

I was interested in making a profit.

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

I found the deal through driving the area and negotiated it with the seller.

How did you finance this deal?

I assumed the mortgage

How did you add value to the deal?

I did cap ex on the property.

What was the outcome?

I sold it and make a great profit