First rental from cockroaches to cashflow

[Magenta Vaughn]

Investment Info:

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

Purchase price: $127,000
Cash invested: $127,000

4 plex MRT

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

I love multifamily. Its so efficient!

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

Mentor helped me

How did you finance this deal?

cash

How did you add value to the deal?

Turned it from a c/d i to a B class MTR

What was the outcome?

its cashflowing great

Lessons learned? Challenges?

Take the amount of work you think it takes to get a property running, then double it, then double that energy again if you want to make it run smooth and efficient

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

not yet