Buy Rehab hold and rent
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $60,000
Cash invested: $30,000
Buy bank owned property of mls and cash closed. Rehab over 6 months and add 4 th bed room and 2 Ed bath . Rent for 1600 a month.
What made you interested in investing in this type of deal?
Passage income
How did you find this deal and how did you negotiate it?
Mls
How did you finance this deal?
Cash
How did you add value to the deal?
Added a 4 bed and a bath
What was the outcome?
400 more in rents per month
Lessons learned? Challenges?
Maybe go faster on rehab on next deal