Rental Property Number 3!

[Adam Cole]

Investment Info:

Large multi-family (5+ units) wholesale investment.

Purchase price: $55,000
Cash invested: $55,000

Directly next door to another unit. This 6 bedroom unit offers the same amenities to my tenants. Fully furnished, utilities paid, and single term rent payment of $975 per room.

The main expense we have seen with this home has been the cleanup in the backyard. The previous owner's negligence caused a massive overgrowth and thus damage to the fencing. After spending many hours and quite a bit of money, it is finally cleaned up.