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Updated about 6 years ago,
5-family BRRR w/cash-out
Investment Info:
Large multi-family (5+ units) buy & hold investment in Moosup.
Purchase price: $85,000
5-unit purchased out of Bank REO. Only 1 out of 5 units occupied at time of purchase. Required $40,000 of improvements. Private lender funded 100% of purchase and 100% of rehab. Was able to cash-out refinance at the 12 month point of ownership.