Second two family investment property
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Canastota.
Purchase price: $105,000
Cash invested: $30,000
2 family side by side house I bought as a foreclosure. Fixed it up and now brings in a gross monthly rent of $2,450
How did you find this deal and how did you negotiate it?
I was searching forclosures, found this house and saw the value in it.
How did you finance this deal?
Bank financed, 20% my own money
How did you add value to the deal?
Made some repairs, cleaned it up and got both units rented with great ROI