First Commercial Property

[Matthew Gardner]

Investment Info:

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

Purchase price: $290,000
Cash invested: $62,000

6 Unit property. My girlfriend and I moved to the area and funded the deal together. Living in one of the units. Other 5 units more than cover all expenses for property. Purchase price 290k, appraised for 325k!

How did you finance this deal?

Savings, partnered with girlfriend.

How did you add value to the deal?

acquired good purchase price.

What was the outcome?

Living for free, making some positive cash flow each month.