Small multi-family (2-4 units) buy & hold investment in Midwest City.
Purchase price: $93,000
Cash invested: $27,900
1st property that I purchased from a turn key provider
What made you interested in investing in this type of deal?
Just wanted to get into the fold and this deal seemed ideal for a novice like myself
How did you find this deal and how did you negotiate it?
Found this through a Podcast I was listening to
How did you finance this deal?
How did you add value to the deal?
Haven't added any value
What was the outcome?
Lessons learned? Challenges?
Great idea but it would take over a decade to hit my FI goals using this strategy
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Aaron Chapman @ Security National Mortgage
Ruth Vera @ T&J Property Management
Alyssa Dyer @ Table Investments
Positive cash flow from the jump? Sounds like a nice way to get into the REI game - good for you!
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