Wisconsin 5 Unit (4 residential/1commercial)
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $200,000
Cash invested: $10,000
Contributors:
Joseph Ziolkowski,
Jared Freye
4 residential units, 1 commercial unit. The commercial unit is separately metered and has its own furnace. It's plenty large enough to convert into a residential unit if need be down the road.
How did you finance this deal?
With 20% down (40k), the seller's financed 20k on a 3 year balloon, and we raised an additional 10k from friends&family. That allowed us to only put 10k into the deal and still cash flow $133/unit.