Breaking Into Management with Multifamily

2 Replies

Investment Info:

Large multi-family (5+ units) buy & hold investment in Cincinnati.

Purchase price: $450,000

2 buildings, with 10 units in each building, totaling 20 units. Purchased all cash by financial partner, in the process of putting financing on the property which will give us the opportunity to renovate and ultimately re-tenant the property at market rents.

What made you interested in investing in this type of deal?

Low risk investment, as the property is pretty much already at its worst performance. This gives us the opportunity to renovate and revitalize the property - giving it a strong tenant base and increasing the value of the property.

It is located on a good street in a below average area, on a corner lot visible to many people. One property at a time we will clean up and revitalize this area.

Promotion
BiggerPockets
The one-stop-shop for REI
Find Local Home Improvement Pros!
Check out our network of trusted, local contractors for all of your home improvement projects.
Find a Contractor

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

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.

We hate spam just as much as you