Small multi-family (2-4 units) buy & hold investment.
Purchase price: $200,000
Cash invested: $59,000
Bought an exceptionally large duplex with room for value add (below market rents). 2/1 that needs turnover when tenants leave, and huge 3/3 side that was recently turned over. Budgeted to be a 11% CoC return after increased rents, but tenants have been painless for a year, and currently getting 22% CoC return w/o raising rents (self managing also helps that). Very good first property so far, but haven't had much excitement yet!
Never encourage excitement with rentals. My favorite rentals are the ones I nearly forgot I have.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you