Multi Family Investment in Baltimore Maryland - Cash Flowing

[Chris Mcdonald]

Investment Info:

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

Purchase price: $225,000

Purchased an estate sale for $225,000, gutted and cleaned up. Now rent 3 units and cash flows nicely

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

Only look for multi units

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

Zillow, agent negotiated down the price.

How did you finance this deal?

Conventional

How did you add value to the deal?

Remodel

What was the outcome?

Cash Flow

Lessons learned? Challenges?

Paid a little too much but own it now and flowing.