Residential Multifamily 3 unit investment

[Iqbal Khan]

Investment Info:

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

Purchase price: $80,000
Cash invested: $20,000

3 Unit building with each door rented @ $550.

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

cash flow

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

Through a local real estate contact

How did you finance this deal?

traditional 25%

What was the outcome?

$780 cash flow per month

Lessons learned? Challenges?

buy cheaper, better to buy and renovate,