This is our 6th property and its a 6 unit.

[Carlos M.]

Investment Info:

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

Purchase price: $264,000
Cash invested: $30,000

This project burned down about 2 years before we bought it. So 4 of the units were completely remodeled and brought up to current codes.

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

Trying a different market

How did you finance this deal?

Traditional commercial loan and had the seller hold a 50,000 second mortgage.