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All Forum Posts by: Sanusi Kamara

Sanusi Kamara has started 2 posts and replied 2 times.

Post: Property number 3

Sanusi Kamara
Posted
  • Posts 2
  • Votes 1

Investment Info:

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

Purchase price: $640,000
Cash invested: $220,000

Purchase price $640,000
Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court
Rehab $60,000
All in cash (rehab plus down payment) $217,500
Rehab included ground level basement and 2 parking spot driveway
Monthly cash flow $1,500
ARV $950,000
Equity $470,000

Refi cash out (August 2024) $150,000 (used to buy new rental)
New monthly cash flow breaking even (non-paying tenant still in unit 2)
New equity about $200,000

Post: Hello BiggerPockets! New PRO here

Sanusi Kamara
Posted
  • Posts 2
  • Votes 1

Hello BiggerPockets community! I'm Sanusi Kamara from New York City, passionate about real estate investing for 5 years. I'm particularly passionate about small multi family properties.

Outside of real estate, I am a registered nurse, a husband, and father of two beautiful children 😊. I enjoy gardening and playing soccer during whatever my free time.

Excited to learn and connect with you all!