Our 2nd Multi- Family

[Lance Roach]

Investment Info:

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

Purchase price: $217,000
Cash invested: $25,000

4 units, 1-1, all brick exterior, detached 4 stall garage, community coin-operated laundry

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

Had good cash flow, plan to rehab the units one at a time

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

Zillow
I negotiated the price based on what units were already rented and what work needed to be done.

How did you finance this deal?

Local bank

Lessons learned? Challenges?

IT time to adjust to a little bigger multi-family but I have adjusted and ready to take on larger projects.

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

Yes
Lynette Hellerich