Buy and Hold

[Jonathan Gardner]

Investment Info:

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

Purchase price: $64,000
Cash invested: $3,500

We bought this for $64,000 on a land contract with only $5,000 down plus closing costs for 12 months. We refinanced in 10 months (Property appraised for $95,000) so we were actually able to walk away at closing with $11,000!