First property (house hack)

[Geovanni Heredia]

Investment Info:

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

Purchase price: $202,500
Cash invested: $7,000

Two family (Duplex)

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

Cash flow has always intrigued me and buying and holding small multi families can bring just that.

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

MLS - first day on market made offer at listing price

How did you finance this deal?

FHA and Rhode Island Down payment assistance program

[Joshua Janus]

That's awesome you got this right off of the MLS with an fha loan for asking. That can be really tough in certain markets as cash buyers have the leverage. Do you need to complete any renovations or updates?