My first investment in Columbus Ohio

[Spiro Papa]

Investment Info:

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

Purchase price: $200,000
Cash invested: $50,000

My first investment property in Columbus Ohio, in the city's historic Old Oaks. 3 of the 4 Units are currently rented, bringing in $680, $850, $680/unit. I am in the process of fully renovating the other unit, trying to get $900. Each townhouse offers 2 bedrooms, a dining room, and a full basement. Each unit also has central air conditioning, a front porch and a large backyard.

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?

Real Estate Agent ( in pocket listing)

How did you add value to the deal?

Renovated kitchens/Bathrooms

[Raul Velazquez Jr]

Congratulations on your 1st investment property.