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Real Estate Deal Analysis & Advice

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Michelle Reid
Pro Member
  • Rental Property Investor
  • MA
36
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85
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2 Family. First investment many years ago.

Michelle Reid
Pro Member
  • Rental Property Investor
  • MA
Posted Dec 3 2019, 16:15

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Swampscott.

Purchase price: $265,900
Cash invested: $50,000
Sale price: $300,000

Worked well as a live in income property. VERY badly as a pure income property. Bleeding money towards the end. The rent just didn't cover costs.

Lessons learned? Challenges?

In my market, for residential income, a three family is the minimum # for good cash flow. This was only a 2 family. Our rents were too low.

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