Buy and Hold Multi-family Investment

[Aaron Steeves]

Investment Info:

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

Purchase price: $108,000
Cash invested: $142,500
Sale price: $142,500

Buy & hold ~$700/month profit over four years

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

I was into buy/hold at the time, I owned the property next door and I got a good deal.

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

I owned the house next door

How did you finance this deal?

Investment loan

How did you add value to the deal?

Rehabbing 2 apts

What was the outcome?

Solid rental income and reasonable profit at sale

Lessons learned? Challenges?

Try to buy in areas you would live in yourself. Get competent property managers. File all court documents ASAP and play by the book.