Updated about 3 years ago on . Most recent reply
Triplex in Portland
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Portland, OR.
Purchase price: $835,000
Cash invested: $42,000
A triplex: 3 units, 2 br 1.5ba, 1br, 1.5ba, 3br, 1.5ba
Cash flow: $1500
What made you interested in investing in this type of deal?
Trying to do the stack! Attaining financial freedom by getting more cash-flowing properties.
How did you find this deal and how did you negotiate it?
On the MLS - had to negotiate through a change of lender.
How did you finance this deal?
5% down. Owner occupied.
How did you add value to the deal?
A little bit of landscaping, rebuilt the kitchen floor and ceiling and remodeled both bathrooms in the unit i lived in.