My first mini-large-multi-family acquisition

[Jose Miller]

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $1,000,500
Cash invested: $260,000

My first multi-family investment property. And, I took it down ALONE and off of the MLS! Of course, nothing happens alone. I had a great and a received a bit of patience from the seller dealing with a realtor and buyer that had never done a commercial or multi-family property.

I self-manage, with a handyman. My plan is to get the right tenants, raising rents where I can. A sale in 3-5 years should double my investment. But, I'm a buy-and-hold kind of guy. So, we'll see.