Large multi-family (5+ units) buy & hold investment in Beckley.
Purchase price: $200,000
Cash invested: $45,000
This was a portfolio purchase of two Triplexes and a single family home
What made you interested in investing in this type of deal?
The multifamily homes
How did you find this deal and how did you negotiate it?
It was located next to one of our rentals and the owners of the portfolio where preparing to move out of state.
How did you finance this deal?
We were able to negotiate owner financing at 3.5% fix for 15 years.
How did you add value to the deal?
The properties had a lot of deferred maintenance which has been addressed. We have remodeled a few of the units and raised rents.
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