17 Boylston two family Buy, Hold, Sell = $

[Ryan Corcoran]

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $126,250
Cash invested: $15,000
Sale price: $200,000

Two family property that I picked up on the MLS. The owner had a death in the family and was looking to sell quickly. I was able to make a cash offer well below the 145k asking price and close quickly. One unit needed rehab the other had an inherited tenant. I fixed the unit up in about 3 months and rented it for 950 and the second unit with the inherited tenant for 850. I held the property for just over two years and the sold to buy more.

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

MLS, cash offer

How did you finance this deal?

Private money

How did you add value to the deal?

Rehabbing one of the two units as well as cosmetic landscaping.