First Rental Investment
3 Replies
Jon Russo
Architect from Newington, Connecticut
posted about 2 years ago
Investment Info:
Small multi-family (2-4 units) buy & hold investment in New Britain.
Purchase price: $103,000
Cash invested: $6,750
This was my first experience with real estate investing. It is a two family home with a four car garage located in New Britain, CT. I chose the route of FHA financing and utilized the first time home buyer loan option.
Ryan Deasy
Rental Property Investor from New Britain, CT
replied about 2 years ago
Jon Russo
Architect from Newington, Connecticut
replied about 2 years ago
@Ryan Deasy Thanks for the support! Let me know if you’re ever around CT and want to grab lunch and talk rentals. Stay in touch and happy investing!
Michael Noto
Real Estate Agent from Southington, CT
replied about 2 years ago
@Jon Russo To get a regular FHA loan on a property with a $103k purchase price is definitely a good find in this area. Best of luck to you on your first purchase.
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