Updated about 4 years ago on .
My Second Investment
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $150,000
Cash invested: $7,500
Sale price: $190,000
My second investment. Excellent cash-cow, but the building was tired and constantly needed maintenance. I inherited four tenants and only ever had to replace one of them. I decided to sell at the same time we sold the duplex. We did much better on this exit and moved profits into our next deal.