New acquisition, Radcliff KY 4plex Class-C property

[Blake Bramblett]

Investment Info:

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

Purchase price: $130,000
Cash invested: $19,500

Sales price $130,000.00 Got $8,000.00 back at closing from seller proceeds for deferred maintenance and repairs.
Down Payment $19,500 my part of the commission on the deal is $3110.00. Got $11,110.00 of my initial investment
Note $110,500 Back at closing. Payment on the note is $780.00 per month. Sweet Deal!
1 bed 1 bath 615sqft units
Class-C building and area.

What made you interested in investing in this type of deal?

Cash Flow

How did you find this deal and how did you negotiate it?

MLS.

How did you finance this deal?

In house local bank funded.

How did you add value to the deal?

Better management and raised rental income

What was the outcome?

Brand new deal