Small multifamily investing covers properties with two to four units, duplexes, triplexes, and fourplexes, that collect multiple rents from a single building.
Log in to followI've been the person in this room asking questions for a long time, so here's how the first one actually went. Side-by-side duplex, two bed one bath each, built 1988, vinyl siding…
This closed a bit over two years ago and I sold it in the fall, so I can write it down without flinching now. Building was a 1920s two-story in an older streetcar neighborhood, ma…
Triplex, 470k, bought as a long hold with a manager on it so I could stay out of the day to day. Gross rents 3,975 a month. My model showed about 640 a month of cash flow after ev…
Fourplex, two up two down, 585k, in a first ring suburb where the current zoning only permits two units per lot. The building predates the zoning by about forty years. County prop…
Fourteen months, three properties under contract, none closed. Costs: 1,900 on the first including a sewer scope, 2,400 on the second, 2,500 on the third which included a lender a…
Side by side duplex, both units two bed one bath, built in the fifties. Contract at 342k. Appraisal came back at 331k and I sat with that email for about an hour before I understo…