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Daniel Johnson
Pro Member
  • Financial Advisor
  • Winston Salem, NC
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186
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Asheville, NC four-plex BRRRR

Daniel Johnson
Pro Member
  • Financial Advisor
  • Winston Salem, NC
Posted Feb 15 2021, 17:54

Investment Info:

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

Purchase price: $411,000
Cash invested: $100,000

Purchased 4 condos, renovated all four at a cost of around $100k. After renovation, we did a cash out refinance, and were able to pull out all of our capital. We continue to hold the property utilizing all four as short-term rentals.

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