4 townhouses-Updated and ready to go!
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $240,000
Cash invested: $55,000
4 units- no HOA, updated units, no mowing, low maintenance
What made you interested in investing in this type of deal?
All of the units were updated and did not need anything. I was comfortable paying a little more because of all of them being updated and we could get max rent.
How did you find this deal and how did you negotiate it?
It was listed
How did you finance this deal?
Commercial loan- took equity from another property to pay the down payment.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Myself and my wonderful lender at FB&T