Multifamily Investment (holding for long term)

[Toby Bates]

Investment Info:

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

Small mf required extensive renovation, but it is now in pristine condition with positive cash flow.

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

Looking for cash flow.

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

We found deal on mls and we negotiated it down.

How did you finance this deal?

Traditional.

How did you add value to the deal?

Renovated both apartments.

Lessons learned? Challenges?

Difficult to find reliable contractors.