Updated over 5 years ago on . Most recent reply
Maple Residence | Live-in BRRRR
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Spokane.
Purchase price: $240,000
Cash invested: $12,000
This deal was just a way to get my foot in the door. I am currently cash flowing about $100 per month but after I move out I should be cash flowing $1000/mo. I purchased this on a 3% down conventional loan so I have to live at the residence 1 year. After 1 year is up, I plan to use a HELOC to purchase property #2 (something with 3 or 4 units).
