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Updated almost 6 years ago,
Duplex in NW Portland
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $635,000
Cash invested: $190,500
Sale price: $1,200,000
Contributors:
Chris Shepard
Brrrrr..... Bought as a 2 unit, developed 3rd unit. Will rent for $7500 total. 190k down payment, 200k in construction. Refinance valuation at 1.2m pulling, 900k at .75 LTV of which 470k will be cash back.