Investment Info:

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

Purchase price: $62,000
Cash invested: $10,000

I purchased this property with a conventional loan along with my self-raised 20% down payment. I almost backed out, due to fear. Thank god I didn’t!!

What made you interested in investing in this type of deal?

This house was a steal at the time and has almost doubled in value since then

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

I used a conventional mortgage from Bank of America

How did you add value to the deal?

I did some basic updating (paint, etc). This one was in very good shape when I bought it.

Lessons learned? Challenges?

I learned a lot about screening tenants with this one!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I worked with Todd Danni who is as good as they come. He has since moved into commercial real estate, primarily. He’s awesome.