Asheville, NC four-plex BRRRR

[Daniel Johnson]

Investment Info:

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

Purchase price: $411,000
Cash invested: $100,000

Purchased 4 condos, renovated all four at a cost of around $100k. After renovation, we did a cash out refinance, and were able to pull out all of our capital. We continue to hold the property utilizing all four as short-term rentals.