Second multifamily investment

[Christopher Garcia]

Investment Info:

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

Purchase price: $275,000
Cash invested: $80,000

Second multifamily - ADU investment. This property is conformed of a 2x1, 1x1, and 0x1.

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

Great investment opportunity and looking to expand.

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

I found It through the MLS and received a $5000.00 credit for inspection repairs.

How did you finance this deal?

Investment loan with 20% down.

What was the outcome?

Great cashflow and ROI.

Lessons learned? Challenges?

Always have extra cash for the unexpected.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

As a real estate agent a represented myself.