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Updated over 3 years ago on . Most recent reply

Florence Sullivan's profile image
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Florence Sullivan
  • Member since Jul 14, 2020
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Florence Sullivan's profile image
Florence Sullivan's profile image
Florence Sullivan
  • Member since Jul 14, 2020
Connect
Florence Sullivan
10
Votes |
10
Posts
Real Estate Deal Analysis & Advice

2nd Investment - Out of State - Multifamily

Florence Sullivan
Posted

Investment Info:

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

Purchase price: $89,000
Cash invested: $110,000

Cash purchase. House turned into a 4-unit.

Lessons learned? Challenges?

I wouldn't have paid it all cash and would get a mortgage. Didn't get an inspection report, big mistake, a lot to renovate.

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