126 E Barker Rd

[Deepak Malhotra]

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $208,000
Cash invested: $53,040
Sale price: $470,000

Six unit building in Medical Lake, WA, a quiet suburb 20 minutes from Spokane.

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

The numbers seemed to work.

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

On the MLS.

How did you finance this deal?

Commercial loan.

Lessons learned? Challenges?

The city thinks there is gold in the water in Medical Lake, based on my utility costs. I now prefer single family homes so I don't need to worry about utility costs increasing.

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

I was my own real estate agent.