First Deal 6 Unit Apartment Building

[Daniel Krueger]

Investment Info:

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

Purchase price: $475,000
Cash invested: $95,000

Purchased for $475,000 with a down payment of about $90k. Spent about $30k on improvements and re-positioned the property with better tenants. Refinanced 9 months after purchase with a value of $630,000.

[Daniel Krueger]

@Michael Randle

This first one was brought to me by a broker I found online.

First step for me was cold emailing a ton of brokers. Out of 40-50 emails only about 3 responded. One of them was the broker who brought me this deal.