Buying my first multifamily property in another state

[David Sailors]

Investment Info:

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

Purchase price: $117,500
Cash invested: $27,000

Bought rehabbed 4 plex

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

Better cash flow

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

I found it through a rehabber I was dealing with.

How did you finance this deal?

Private money

How did you add value to the deal?

Did minor improvements

What was the outcome?

Good cash flow

Lessons learned? Challenges?

Run the numbers. Figure out how you can buy and rehab the property for less money.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Andrew at Freeland Lending

[David Sailors]

Yes, I found that there is a lot of opportunities in Dayton, Oh