INVESTMENT PARTNERS LATEST ACQUISITION

[Xavier Randall]

Investment Info:

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

Purchase price: $138,000
Cash invested: $20,669

PP of $138,000. Seller financed at 10% down. 7% I/O for 12 months. We're already in the refi stage with enough cash out to receive out initial investment back and to complete remaining renovation.Current rents were well below market due to poor owner management. After evicting 1 tenant and after updating we increased the rents from $450 to $725 . We have 1unit left to renovate and will rent conservatively/easily for $800 - $850. By EOY gross monthly rents will reach $2,775 - $2,825