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Updated over 1 year ago on . Most recent reply

Shamar Gregg's profile image
Shamar Gregg's profile image
Shamar Gregg
  • Real Estate Agent
  • from Chicago, IL
  • Member since Jul 9, 2020
  • Posts 35
  • Votes 44
  • Experience 11 Yrs
  • Investments 3
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35
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Shamar Gregg's profile image
Shamar Gregg's profile image
Shamar Gregg
  • Real Estate Agent
  • from Chicago, IL
  • Member since Jul 9, 2020
  • Posts 35
  • Votes 44
  • Experience 11 Yrs
  • Investments 3
Connect
Shamar Gregg
  • Real Estate Agent
  • Chicago, IL
44
Votes |
35
Posts
Real Estate Deal Analysis & Advice

Sold my first 4 unit bought for 11K!

Shamar Gregg
  • Real Estate Agent
  • Chicago, IL
Posted

Investment Info:

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

Purchase price: $410,000
Sale price: $590,000

Identified with strong potential for appreciation over a short time by pushing rents ($3000 profit after mortgage paid). After rents were pushed, building appreciated from $410,000 to $590,000 in two years. Sold and reinvested (reinvesting still) capital.

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Julien Jeannot's profile image
Julien Jeannot's profile image
Julien Jeannot
  • #3 House Hacking Contributor
  • CPA, Real Estate Broker & Investor
  • from Seattle & Woodinville, WA
  • Member since Jan 2, 2016
  • Posts 757
  • Votes 1,043
  • Experience 18 Yrs
  • Investments 17
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Julien Jeannot's profile image
Julien Jeannot's profile image
Julien Jeannot
  • #3 House Hacking Contributor
  • CPA, Real Estate Broker & Investor
  • from Seattle & Woodinville, WA
  • Member since Jan 2, 2016
  • Posts 757
  • Votes 1,043
  • Experience 18 Yrs
  • Investments 17
Connect
Julien Jeannot#3 House Hacking Contributor
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
1,043
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757
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Julien Jeannot#3 House Hacking Contributor
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
Replied

Well done!

3 Votes
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