My First 4-Plex Purchase - Columbus, OH

[Jake Didion]

Investment Info:

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

Purchase price: $156,000
Cash invested: $11,000
Sale price: $156,000

4 plex

3 units renting for $450/month, renovating owner occupied (me) and still cash flowing $250 a month.

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

Section 8, and long term tenants in place

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

I found it through a realtor, under contract for $165k negotiated back down to $156k.

How did you finance this deal?

FHA

How did you add value to the deal?

Nothing yet