The Poor Farm Condos

[Ashley Owens]

Investment Info:

Small multi-family (2-4 units) fix & flip investment in Harvard.

Purchase price: $560,000
Cash invested: $300,000

We purchased this 3 family from another investor using seller financing. We were able to work with the town to turn it into a 4 family and we are currently working with an attorney to create condos. This is sort of a house hacking project as we will be selling 3 of the condos to recoup our costs and make a profit. The 4th unit we will be keeping as our primary residence which we will own outright and have a large amount of equity in.