6 unit multi-family
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $250,000
Cash invested: $50,000
6 unit rental
What made you interested in investing in this type of deal?
monthly cash flow, growth of your rental portfolio
How did you find this deal and how did you negotiate it?
private sale, sellers knew we were into rental properties and they approached us.
How did you finance this deal?
bank mortgage
How did you add value to the deal?
talked to seller who was willing to sell property 50K below appraisal. We then looked at monthly expenses and monthly rent.
What was the outcome?
purchased the property