Updated almost 4 years ago on . Most recent reply
First property - multifamily
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Warren.
Purchase price: $430,000
Cash invested: $100,000
First property! Will update once it's fully stabilized
What made you interested in investing in this type of deal?
Biggerpockets
How did you find this deal and how did you negotiate it?
MLS
How did you finance this deal?
FHA
How did you add value to the deal?
Rehab
What was the outcome?
almost 300% rent increase
Lessons learned? Challenges?
Nothing ever goes right the first time
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Amanda Bruneau - real estate agent
Bobbie Maurer - lender (first home mortgage)