Long term hold increases value in desired town.

[Roger Lee]

Investment Info:

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

Purchase price: $350,000
Cash invested: $50,000

Appraised value is at $850k after 10 years

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

Great location and I needed a home to live in

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

Realtor/MLS

How did you finance this deal?

Traditional Mortgage 30yr fixed

How did you add value to the deal?

New heating system and other maintenance.

What was the outcome?

Good property to hold for portfolio.

Lessons learned? Challenges?

Don't rent to friends!