Family Property owned with fellow family members in an LLC

[Micah Tinkler]

Investment Info:

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

Cash invested: $100,000

Held in a Family LLC

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

Originally build by my grandfather

How did you finance this deal?

cash, line of credit on the value of the property

How did you add value to the deal?

Renovated and manage

What was the outcome?

monthly cashflow of =$2,000

Lessons learned? Challenges?

Burned by a contractor pretty badly