First investment property
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $685,000
This was my first deal (4-unit) that got me started in REI. This property has taught me numerous invaluable lessons, and I plan on holding it until I can find an opportunity in which I can re-invest the proceeds into more cashflow friendly market!
What made you interested in investing in this type of deal?
It was an appropriate time personally to leverage more debt rather than finding a duplex or a SFH.
How did you find this deal and how did you negotiate it?
Through a investor friendly agent!
How did you finance this deal?
VA
How did you add value to the deal?
Cosmetic updates and rehabbing during the turn-over periods
Awesome. Off to a good start.
Congrats on the deal!