4 Unit Multi Family in Saranac Lake
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $150,000
Cash invested: $4,500
4 Unit Multi Family
What made you interested in investing in this type of deal?
Cash Flow, Owner Occupied, Location
How did you find this deal and how did you negotiate it?
Off market, negotiated directly with the investstor
How did you finance this deal?
FHA with 203k rehab
How did you add value to the deal?
New roof, heating systems, Gut and Reno 2 units, Flooring and Siding
What was the outcome?
Great tenants and good cash flow
Lessons learned? Challenges?
Have replacement value insurance.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No
