My First Investment Property!

4 Replies

Investment Info:

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?

Seller Financing

How did you add value to the deal?

I am planning to add value by doing some cosmetic upgrades.

What was the outcome?

TBD

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?

No

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