The Penthouse at Reading

[Jimmy Rodriquez]

Investment Info:

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

Purchase price: $220,000
Cash invested: $53,565

Duplex; 5 beds; 2 full baths; 1 1/2 bath; unfinished basement

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

Big house with tons of potential to house hack

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

We found it on the MLS. We offered $10,000 more.

How did you finance this deal?

Through a mortgage lender

How did you add value to the deal?

By offering $10,000 more

What was the outcome?

We beat 7 other offers

Lessons learned? Challenges?

Find an investor-friendly lender and agent
When partnering with someone else, make sure everyone is on the same page and truly understands what it is going to take to make this dela happen