Buy and hold triplex in North Dakota

[David B.]

Investment Info:

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

Purchase price: $150,000
Cash invested: $40,000

Buy and hold triplex in rural NE North Dakota.

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

investing for cash flow and long-term appreciation (forced and market). Units are distressed and will make incremental updates naturally during tenant turnover.

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

MLS

How did you finance this deal?

conventional 30-year residential investment loan