Buy & Hold Multi Unit Vacation Rental
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Phoenix.
Purchase price: $330,000
Cash invested: $110,000
Purchased, rehabbed and now using one unit as a vacation rental and the other as long term rental. Cash flow is $1,100/month
How did you add value to the deal?
Full rehab of the property, ARV $480k
Plan is to cash out refi to fund the next deal