Unexpected capital gains catapult me into real estate business

Unexpected capital gains catapult me into real estate business

Member since 2022 · 4 posts · 5 votes

Investment Info:

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

Purchase price: $300,000
Cash invested: $20,000
Sale price: $470,000

How did you finance this deal?

I did purchase the property with an FHA loan so with the closing costs and down payment I initially spent about $19,000.

How did you add value to the deal?

I did remodel the attic, adding living space to the home.

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