First triplex at 19!

1 Reply

Investment Info:

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

Purchase price: $205,000
Cash invested: $50,000

My first real estate investment at 19!!!

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

I wanted to make money while I slept and this deal gave me that opportunity!

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

Found it through connections.

How did you finance this deal?

Earned a full-ride basketball scholarship and used the money I had saved up to pay for the downpayment.

How did you add value to the deal?

I brought energy and excitement about my first property and the owner loved it!

What was the outcome?

My first property and the beginning of my investing career.

Lessons learned? Challenges?

I learned not to let my age limit what I can, and cannot do.

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