Potential Starter property in LB

[Joseph P Finkelstein]

Investment Info:

Large multi-family (5+ units) buy & hold investment in Long Beach.

Purchase price: $1,850,000
Cash invested: $250,000

7 unit, Low Income housing in the Long Beach area. Newly renovated with high cashflow and cap rate.

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

Has an above average GRM and Cap for the area.

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

Currently still in the examination faze, but property was listed with my the company I work for, Buckingham Investments.