Second 6-unit purchase in Fort Lauderdale!

[Heidi Braunhardt]

Investment Info:

Large multi-family (5+ units) buy & hold investment in Fort Lauderdale.

Purchase price: $668,000
Cash invested: $285,000

Just purchased our second 6-unit building in Fort Lauderdale! First 6-unit building purchase was in 2017 and we were finally ready for another.

How did you find this deal and how did you negotiate it?

I am a Realtor and found it the first day it came on the market.

How did you finance this deal?

Commercial loan 40% down

[Kevin Koffman]

Congrats!!

I too would be interested to hear about the property analysis. What area? And will you manage it yourself?

12 doors... that’s impressive! Way to go!