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Updated almost 5 years ago,

User Stats

149
Posts
164
Votes
Jeffrey Albaum
  • Investor
  • Austin TX
164
Votes |
149
Posts

Small Multifamily Deal in Cincinnati

Jeffrey Albaum
  • Investor
  • Austin TX
Posted

Investment Info:

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

Purchase price: $65,000
Cash invested: $24,000

Purchased a duplex out in Cincinnati, one unit was occupied, the other needed a somewhat substantial rehab. It was great for me to learn how to manage a team from across the country, as well as learn more about the construction process in general.

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

From what I've seen, the numbers on multi family properties seem to cash flow at a much higher rate. Also, using economies of scale, it seems like multi family deals usually have higher rents compared to single family homes at the same price point.

How did you finance this deal?

Traditional financing, 25% down and cash to complete the rehab.....had substantial reserves of course! (Thank you @Scott Trench and Set For Life!)

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