First four-plex in south Fort Worth TX

[Joe Rivera]

Investment Info:

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

Purchase price: $266,000
Cash invested: $53,200

Class c, garden style, 2 building joined by a laundry room, 2 bedroom, 2 bathroom, four plex, section 8 tenants.

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

Was looking for cash flow.

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

Found on mls.

How did you finance this deal?

30 year loan

How did you add value to the deal?

Updated laundry, added another set of washer and dryers. Replaced windows, replaced siding in the back, repaired decks,.

What was the outcome?

A better living environment

Lessons learned? Challenges?

We should have done a more detailed inspection of the property.