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Updated about 3 years ago on . Most recent reply
2 Unit Rental Property
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Columbus.
Purchase price: $100,000
Cash invested: $110,000
Two structures on one parcel. Both rented out bringing in great cash flow.
What made you interested in investing in this type of deal?
High return on investment.
How did you find this deal and how did you negotiate it?
On the Columbus MLS.
How did you finance this deal?
Cash.
How did you add value to the deal?
Remedying code violations on the second structure, renting it out, and increasing the property's cash flow.
What was the outcome?
Smooth transaction which added to my investment portfolio.
Lessons learned? Challenges?
Everything went pretty smoothly God bless.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I plan on using delayed financing to pull the equity out of the property and continue building my portfolio. I'll use Liz Lawrence at Motto Mortgage in Columbus, OH to do that.
Most Popular Reply
Originally posted by @Clayton Vozzella:
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Columbus.
Purchase price: $100,000
Cash invested: $110,000
Two structures on one parcel. Both rented out bringing in great cash flow.
What made you interested in investing in this type of deal?
High return on investment.
How did you find this deal and how did you negotiate it?
On the Columbus MLS.
How did you finance this deal?
Cash.
How did you add value to the deal?
Remedying code violations on the second structure, renting it out, and increasing the property's cash flow.
What was the outcome?
Smooth transaction which added to my investment portfolio.
Lessons learned? Challenges?
Everything went pretty smoothly God bless.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I plan on using delayed financing to pull the equity out of the property and continue building my portfolio. I'll use Liz Lawrence at Motto Mortgage in Columbus, OH to do that.
Nice deal! Columbus, Ohio is a booming market
- Remington Lyman
