Davenport, IA 4plex Long Term Rental

[AJ Smith]

Investment Info:

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

Purchase price: $134,900
Cash invested: $9,500

4plex conversion.

First property purchased with partners, 3-way split with my cash contribution slightly decreased due to me bringing the deal/contractors.

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

I want to scale my portfolio, and partnering with other investors is the best way to achieve unlimited growth.

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

MLS

How did you finance this deal?

20% down Commercial Loan financing both rehab and renovation

How did you add value to the deal?

New Paint, floors, kitchen, updated common stairwell.