Breaking Into Management with Multifamily

[Heshel Mangel]

Investment Info:

Large multi-family (5+ units) buy & hold investment in Cincinnati.

Purchase price: $450,000

2 buildings, with 10 units in each building, totaling 20 units. Purchased all cash by financial partner, in the process of putting financing on the property which will give us the opportunity to renovate and ultimately re-tenant the property at market rents.

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

Low risk investment, as the property is pretty much already at its worst performance. This gives us the opportunity to renovate and revitalize the property - giving it a strong tenant base and increasing the value of the property.

It is located on a good street in a below average area, on a corner lot visible to many people. One property at a time we will clean up and revitalize this area.