So I've added a new multi-family property to my portfolio. The property is actually a 5-plex. I had some difficulty acquiring it because the bank was being fussy over the details. Anything over 3 units and they want a appraisal and signed leases. Luckily enough I had enough of their trust to get an unsecured loan and went ahead with the purchase. If all goes well the property should provide a 20% cash on cash return.
I also bought some cheap REIT's after the crash. Some fetching around 10-30%. I've been very interested in dividend paying stocks and income trusts lately. A lot seem to be trading at a steep discount right now because of all the mess. If you sort though the mess though it seems that a few companies have been getting treated a little unfairly in the markets.
Good luck to those who lost money in the last few months and good luck to those who still have some cash to throw in the game, I definitely believe there are some good deals out there right now.
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