One 1 bedroom apartment one 2bedroom apartment

[Chris Good]

Investment Info:

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

Purchase price: $60,000
Cash invested: $25,000

2 apartments

What made you interested in investing in this type of deal?

Good price

How did you find this deal and how did you negotiate it?

They responded to a letter i sent out. There wasn't much negotiating, I offered 60K and he accepted.

How did you finance this deal?

Hard money

How did you add value to the deal?

painted both apartments and installed new flooring, Replaced the roof, added 2 boilers, added water meters for each apartment.

What was the outcome?

I was able to refinance it and get my money back.