Small multi-family (2-4 units) buy & hold investment.
Purchase price: $215,000
Cash invested: $55,000
Sale price: $245,000
First investment. Buy, hold, and flip.
How did you find this deal and how did you negotiate it?
I found this deal via personal online searches using realtor.com and other tools.
How did you finance this deal?
75/25 LTV - Local Bank
How did you add value to the deal?
I repaired all the units over time as well as added curb appeal.
What was the outcome?
I sold the property two years after I bought it for an additional 30k while maintaining positive cash flow from the first month till close.
Lessons learned? Challenges?
Smaller deals are harder to manage and can consume a lot of personal time.
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