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Updated about 6 years ago on .

User Stats

60
Posts
43
Votes
Bill Couture
  • Rental Property Investor
  • Plainfield, CT
43
Votes |
60
Posts

five-family value-add opportunity

Bill Couture
  • Rental Property Investor
  • Plainfield, CT
Posted

Investment Info:

Large multi-family (5+ units) buy & hold investment in Moosup.

Purchase price: $85,000

Five-family purchased out of Bank REO. 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.