Updated over 3 years ago on .
Second House on Starin
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $265,000
Cash invested: $55,000
Bought house across the street from first property. Beautifully built and maintained home.
What made you interested in investing in this type of deal?
Great experience previously, wanted more cash flow
How did you find this deal and how did you negotiate it?
House went up for sale across from street.
How did you finance this deal?
10/1 ARM
How did you add value to the deal?
House was down to ply wood in upstairs unit. Renovated top floor and half of bottom with new HVAC, added security system.
What was the outcome?
Beautiful home, secure, and safe.
Lessons learned? Challenges?
Just do things the right way, the best way, the first time.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes.