Finally Bought First Investment Property!

5 Replies

Investment Info:

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

Purchase price: $414,000
Sale price: $420,000

5 bedroom, 2 bathroom clean & well maintained home. 3 bedrooms up, with 2 bedroom suite below. Large fenced yard (.22 acre).

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

Good price, place was well maintained and some cashflow.

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

Vantage Real Estate in Kelowna helped me find this place. They are investor focused realtor which is a bonus!

How did you finance this deal?

Bank

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

AJ Hazzi, Vantage Real Estate, Kelowna.

Well done Peter !

I am an Okanagan investor and also used Vantage West twice.

Kelowna is becoming quickly out of hand but there are still deals to be made in Vernon, Lake Country and Penticton 

Welcome to the REI world ! The first one is the hardest !

Cheers

Edison

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