Spokane 4 Plex with a great return

[Sean Tobin]

Investment Info:

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

Purchase price: $300,000
Cash invested: $75,000

Purchased a four-plex from a client, that was looking to liquidate it from his portfolio.

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

We desire to own multifamily properties.

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

This was actually a current client of ours.

How did you finance this deal?

We worked with Motto Mortgage in Spokane, WA.

How did you add value to the deal?

We have done some basic updating and yard maintenance, however, it is in really great shape.

What was the outcome?

We have 4 happy tenants and we are getting great return.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am a realtor, but we did work with a great mortgage Advisor from Motto Mortgage, his name is Teagan Brown.