Multi Family Property#11

[Nitin John Abraham]

Investment Info:

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

Purchase price: $85,000
Cash invested: $3,500

First Multi family in north KC.

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

Property was vacant but was in move in ready condition. Required minimal refresh

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

Found properties on MLS

How did you finance this deal?

Conventional financing. 25% down

What was the outcome?

Renting units to voucher program, resulting in steady rents.