Maple Residence | Live-in BRRRR

[Matthew Sprott]

Investment Info:

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

Purchase price: $240,000
Cash invested: $12,000

This deal was just a way to get my foot in the door. I am currently cash flowing about $100 per month but after I move out I should be cash flowing $1000/mo. I purchased this on a 3% down conventional loan so I have to live at the residence 1 year. After 1 year is up, I plan to use a HELOC to purchase property #2 (something with 3 or 4 units).