Updated over 3 years ago on . Most recent reply
Cashflowing Fourplex in Appreciation Market
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $420,000
Cash invested: $110,000
A fourplex in a decent appreciation market which is just a solid buy and hold cash flowing investment
What made you interested in investing in this type of deal?
Decent cashflow in an appreciating market
How did you find this deal and how did you negotiate it?
MLS and local agent
How did you finance this deal?
Conventional
How did you add value to the deal?
Raised rents
What was the outcome?
Still cashflowing nicely
Lessons learned? Challenges?
How to manage awkward tenants and property managers
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Tim Spate, good local knowledge
