My very 1st multifamily deal
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $15,000
Cash invested: $21,000
This property makes me 1500 per month with section 8 tenants with 1,236 guarantee from section 8 every month.
What made you interested in investing in this type of deal?
Multiply rents
How did you find this deal and how did you negotiate it?
MLS just made an offer
How did you finance this deal?
Cash
How did you add value to the deal?
Complete rehab
What was the outcome?
Rented it out for a total of 1500
Lessons learned? Challenges?
Follow your plan, even when it isn't going well.
Most Popular Reply
@Quentin Mitchell Where in Chicago did you purchase property for $15K? That is ridiculously cheap but the cash-flow looks good.