Small multi-family (2-4 units) buy & hold investment in Cincinnati.
What made you interested in investing in this type of deal?
long term opportunity
How did you find this deal and how did you negotiate it?
Networking with my realtor
How did you finance this deal?
30 year fixed
How did you add value to the deal?
plumbing updates, and misc painting, etc.
What was the outcome?
Lessons learned? Challenges?
rents were under market when purchased.
Great Job @Mason Crossland
Can you give us your numbers? cost, rehab, arv, rent (then and now), COC%, etc
We at BP do enjoy the numbers :)
Hey! Thanks for asking @Scott Rogers
$152k. $2290/mo includes one garage rented and coin laundry. 68% coc. 3% increase each year so far We’ve owned it 2.5 years. PS- We also have a duplex as well. Have a great week!
Hey almost forgot @Scott Rogers
No rehab, but we did have to upgrade some of the plumbing. .
@Mason Crossland Those are great numbers... Awesome job !!
@Scott Rogers . Truth be told it's 21% COC. It helps when you take the expenses out, lol.
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