4plex investment property

[Anoop Kumar]

Investment Info:

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

Purchase price: $335,000
Cash invested: $130,000
Sale price: $335,000

4plex

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

Great cash flow and appreciation

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

Going back and forth with listing agent, keeping track of the property movement

How did you finance this deal?

Conventional 30 year fix loan

How did you add value to the deal?

Upgraded

What was the outcome?

Increased the value and much better cash flow from the point of purchase.

Lessons learned? Challenges?

Persistence and preparation. Keeping the numbers updated. Monitoring interest rates.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I'm the real estate agent myself