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?


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.