$15,000 auction winning bid= $1,200 rents a month

[Joshua Townsley]

Investment Info:

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

Purchase price: $15,000
Cash invested: $1,000

Purchased at auction for $15,000, needed some paint and property management but now cash flows $900 a month with ARV of $60,000

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

It was a good opportunity found at auction

How did you finance this deal?

Cash