SOLD after 2 Years

[Andy Pham]

Investment Info:

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

Purchase price: $140,000
Sale price: $185,000

Cash flowing small multifamily with 6 beds and 2 baths.

In a good neighborhood and only two blocks away from an elementary school.

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

The cashflow

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

Brought to me from my agent Remington.

How did you finance this deal?

20% conventional from a lender

How did you add value to the deal?

Upgraded furnaces, floors, paint, etc

What was the outcome?

Was able to exit in profit

Lessons learned? Challenges?

Neighborhood, tenants and maintenance were what mostly affected the cashflow.

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

Remington Lyman in the Columbus Ohio area.