Small multi-family (2-4 units) buy & hold investment.
Purchase price: $30,000
Cash invested: $5,000
Duplex, 2/1 both sides, built in 1950
What made you interested in investing in this type of deal?
I wanted to take the bold step to get started real estate investing. My goal is to have 10 units in the next year.
How did you find this deal and how did you negotiate it?
Bigger Pockets Marketplace
How did you finance this deal?
How did you add value to the deal?
I am planning to add value by doing some cosmetic upgrades.
What was the outcome?
Lessons learned? Challenges?
Lessons Learned - study, study, study and get the business license, LLC and other start-up business things done in advance of purchasing
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
You go girl @Valerie Winrow !! This is your first of many real estate investments, as you said, I wish you luck on getting to 10 units in 2020! It's great that you learned a lesson from your first investment, it means that you can give others advice about your challenges.
@Valerie Winrow Congrats! That's awesome and what a great goal (I have a similar goal of 10 in the next year)! It's scary but so exciting!
Thanks @Danielle Wolter ! Best wishes to you too! Maybe we can partner up someday on a deal (that’s me talking like an investor ...) 😏😏😏... best wishes and let’s keep each other motivated! We got this!
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