We did it! 4-Unit Building

[Jeremy Dugan]

I just have to share that in 120 days, my wife and I went from agreeing to pursue real estate investing to closing on a 4-unit multi-family property!

We worked with a great agent who found us an off-market opportunity and we pounced on it. 

Disclaimer...we found out 1-week prior to closing that we have an illegal tenant, but we were able to serve him on 4/30 (same day as closing).

I spent most of Friday attending to tenant issues and lining up work around the property. They seemed very pleased with my presence and willingness to improve their units. 

Overall, we are full of hope, as this is my post-military career path as I think about retiring in the next 2-5 years. 

Can't wait to see what the next 6 months brings!

[Kerlous Tadres]

Going forward, focus on building good relationships with your tenants. Happy tenants lead to longer leases and fewer headaches. For property improvements, small updates like new paint, better lighting, and improved curb appeal can help increase rents over time. As you settle in, consider using refinancing options to leverage equity for future investments.

Since you're thinking about retirement in a few years, focus on scaling your portfolio gradually, and always keep an eye out for new off-market deals. Networking and staying active in the investing community can also open doors for new opportunities.