Nailed the 4-Plex BRRRR
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $64,000
Cash invested: $92,000
Sale price: $180,000
Contributors:
Ryan Ray
4-plex BRRRR worked out better than I expected, thanks to a very hot market for small multifamily here in Bham. We actually packaged this property with 23 others (owned 11 out right, purchased 13 others, 1 blanket loan), and thanks in part to this property appraising for $180k after we were "all in" for just over $90k, we got a big chunk of cash back from the 80% loan.