Updated about 3 years ago on .
My 1st Rental Property
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Irmo.
Purchase price: $153,500
Cash invested: $5,087
An investor's first property kicks off a snowball effect! This 4 bedroom & 4 bath duplex was purchased in December 2019 with an FHA loan and has appreciated almost 100k since purchase (as of August 2022). Currently in the process of raising rents to the market rate for the area creating great cash flow potential!
How did you find this deal and how did you negotiate it?
This deal was found off market! The seller's main goal was to keep one of the tenants in the property which was negotiated in the deal.