First Cincinnati Rental

[Darrick Johnson]

Investment Info:

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

Purchase price: $230,000

Quadraplex in a quadraplex development complex

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

A family acquaintance was leaving town and asked if we would be interested in taking this over

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

A family acquaintance was leaving town and asked if we would be interested in taking this over

How did you finance this deal?

Community bank

How did you add value to the deal?

Rehabbed the units and added more parking

What was the outcome?

All units are rented now

Lessons learned? Challenges?

Some of the original contractors didn't work out