Long Distance Multifamily investment
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $126,500
Cash invested: $40,000
Bought with my business partner as a value add opportunity. We rehabbed 2 of the 3 units and brought the rents up to market value. Currently our PITI is about $750, while the total rent brings in ~$2000.