NEW CLEVELAND OH INVESTMENT

[Erik E.]

Investment Info:

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

Purchase price: $27,000

A multi family home that contains 1,440 sq ft and was built in 1918. It contains 2 bedroom & 2 bathrooms.

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

The cash flow on was great! After I ran the numbers the deal really just made sense.

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

I found this deal on the MLS. Ran the numbers to my realtor & made a offer that we were comfortable paying.

How did you finance this deal?

I paid cash for this deal which I feel helped me get a better price.

Lessons learned? Challenges?

In this deal I've learned how to truly evaluate a construction price. As an investor that's a top priority for me. As well I built a good relationship with my title company who can help me grow my business in ways I never thought a title company could.