Small multi-family (2-4 units) buy & hold investment in Dayton.
Purchase price: $117,500
Cash invested: $27,000
Bought rehabbed 4 plex
What made you interested in investing in this type of deal?
Better cash flow
How did you find this deal and how did you negotiate it?
I found it through a rehabber I was dealing with.
How did you finance this deal?
How did you add value to the deal?
Did minor improvements
What was the outcome?
Good cash flow
Lessons learned? Challenges?
Run the numbers. Figure out how you can buy and rehab the property for less money.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Andrew at Freeland Lending
Congrats @David Sailors !
Woah - a rehanned 4plex for $117K. That's a deal if the neighborhood is good. Any more up there like it that are in a good area?
Yes, I found that there is a lot of opportunities in Dayton, Oh
I'll have to keep that in mind i've heard Ohio prices are cheaper and decent neighborhoods. Congrats!
@David Sailors congratulations. What is the configuration (1bd/1ba, 2/1, 2/2, etc.) and what are the rents. Was it vacant or existing tenants? I really like the Dayton market. I ended up there by accident but have become a huge fan. It is a great investment environment.
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