2 family investment
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $210,500
Cash invested: $42,000
2 family property on a double lot and a two car unfinished garage in the back. This property has potential for value add and forced equity growth
What made you interested in investing in this type of deal?
This has some much Value add potential, good street, extra lot and a garage
How did you find this deal and how did you negotiate it?
Found on the MLS and put a bid on it
How did you finance this deal?
Conventional Loan with 20% down i used a Heloc from my personal property as a down payment
How did you add value to the deal?
Recently bought property, but I replaced the entire garage roof that was originally leaking. Future plans are to turn the attic into a finished living space and add a room to the upstairs unit.
What was the outcome?
Garage can be used for storage
