Updated over 5 years ago on . Most recent reply
Small Multifamily Deal in Cincinnati
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Cincinnati.
Purchase price: $65,000
Cash invested: $24,000
Purchased a duplex out in Cincinnati, one unit was occupied, the other needed a somewhat substantial rehab. It was great for me to learn how to manage a team from across the country, as well as learn more about the construction process in general.
What made you interested in investing in this type of deal?
From what I've seen, the numbers on multi family properties seem to cash flow at a much higher rate. Also, using economies of scale, it seems like multi family deals usually have higher rents compared to single family homes at the same price point.
How did you finance this deal?
Traditional financing, 25% down and cash to complete the rehab.....had substantial reserves of course! (Thank you @Scott Trench and Set For Life!)