1st small multi-family investment - tri plex

[Elzie McGee]

Investment Info:

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

Purchase price: $395,000

Buy & hold cashflowing tri-plex , with modest value add opportunity (rents currently under market, cosmetic upgrades, update HVAC)

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

Able to obtain conventional financing, cash flowing with added opportunity to add value and force appreciation.

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

MLS deal, negotiated on price/timeliness of close

How did you finance this deal?

Conventional 30 yr