Fourplex investment in Florida

[Mihai Echim]

Investment Info:

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

Purchase price: $460,000
Cash invested: $120,000

This deal was a 4plex. I bought it an rented on long-term so far.
2beds, 1bath each.
monthly payment $2,300
monthly income $5,000

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

Buying a fourplex is one of the best investment in real estate (my opinion )

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

I found it from one of my business partner.

How did you finance this deal?

investment - conventional loan
25% down.

How did you add value to the deal?

Did some renovations.

What was the outcome?

payment $2,300
income $5,000

Lessons learned? Challenges?

Buy and wait, do not wait and buy))

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

Mihai Echim