Small multi-family (2-4 units) buy & hold investment.
Purchase price: $80,000
Cash invested: $16,000
This was an awesome MLS deal that we couldn't pass up!
After considering 25% expenses and $70 for water/sewer, we cashflow $587
How did you find this deal and how did you negotiate it?
This was an MLS deal and we paid asking price because it exceeded our numbers.
How did you finance this deal?
We put 20% down out of pocket
@Eric Schmid do you mind sharing what area in Wisconsin? Minneapolis resident also exploring Wisconsin locations. Nice deal!
Nice! North-Central Wisconsin!
@Eric Schmid congrats man! Love watching what you are doing. Let's grab a beer and catch up man
Dan! Thanks man - let's do it!
Congrats on the deal! I'm touring two North/Central Wisconsin duplexes from the MLS this weekend with numbers similar to yours. Hoping one of them works out!
Nicely done Eric!
I myself would like to start investing out of state. Is there anything you recommend I start doing before I even travel down this path?
Any help is appreciated.
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