My Second Deal - Turnkey 2 Units

[Kiril Nikolaev]

Investment Info:

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

Purchase price: $305,000
Cash invested: $70,000

This is in Ontario Canada. Not in the U.S.
Turn-key property with 2 units. Vacant on possession. Cashflow'ed right away when I found tenants (which didn't take long)

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

Good cashflow with no work required.

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

MLS.

How did you finance this deal?

Personal funds and A lender mortgage.