Long term investment

[Lance Jorgenson]

Investment Info:

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

Purchase price: $499,000
Cash invested: $90,000

2-Plex with 3 bed rooms and 2 car ports for each side

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

Really desirable area with higher rent

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

I did a inspection and used that to have them do all the repairs and give me $5500 since the meth test came back with a small trace.

How did you finance this deal?

Conventional

How did you add value to the deal?

Cleaned up property. had to find new tenants since it was empty

[Luke Trovinger]

Congratulations on the deal @Lance Jorgenson! How has the property performed so far?