Updated almost 4 years ago on .
New multifamily home owner
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $320,000
Cash invested: $11,000
Good bones and structure
What made you interested in investing in this type of deal?
Didnt have much to chose from with the 300k we was approved for
How did you find this deal and how did you negotiate it?
Realtor
How did you finance this deal?
Fha
How did you add value to the deal?
Cant do nothing until the tenants are gone
Lessons learned? Challenges?
Never buy a property with inherited tenants
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes