Small multi-family (2-4 units) other investment in Phoenix.
Purchase price: $58,000
Cash invested: $30,000
Sale price: $800,000
New construction 4 plex, 2 bed 1 bath with private backyards for bottom units. Rents between $1,350-1,450 per unit. Built for $400k including land and sold for $800k
How did you finance this deal?
Private money lender
Your profit was $400,000 (minus selling costs)? Wow, that's really good. Congrats!
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