Updated almost 4 years ago on . Most recent reply
First ever real estate deal
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Littleton.
Purchase price: $319,113
Sale price: $425,000
This was my first property purchase ever! I spent a year researching the perfect deal and was able to find a single family home with a completely separate entrance to the basement. I turned the home into a duplex and kept the basement rented the entire time I lived in the house for the price of the mortgage!
I was able to utilize a VA loan with some first time home buyer program and NO money down so I ended up rolling around $100k profit into my next property after two years with literally ZERO dollars spent.