2nd Investment - Out of State - Multifamily

2nd Investment - Out of State - Multifamily

Member since 2020 · 10 posts · 10 votes

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $89,000
Cash invested: $110,000

Cash purchase. House turned into a 4-unit.

Lessons learned? Challenges?

I wouldn't have paid it all cash and would get a mortgage. Didn't get an inspection report, big mistake, a lot to renovate.

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  • Phoenix, AZ · Member since 2021 · 504 posts · 282 votes
    4y

    Congrats. It's a nice property. 

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