SFH with an in-law suite turned rental
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $410,000
Cash invested: $5,000
Super cute 2 unit in an A neighborhood with REAAALLLLY nice cash flow. We make around 1500 a month cash flow on this one.
How did you find this deal and how did you negotiate it?
I had been watching this one for a while. The agent took terrible photos, the owner was a bit hard to work with, and it was overpriced. We waited and put in an offer well below ask. It also didn't appraise so at the end of the day, we got this deal for 410. It is now (in my opinion) worth approx 600 and it cash flows very nicely!
How did you add value to the deal?
Painted inside and out