First Investment 2023

[Laura Hanna]

Investment Info:

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

Purchase price: $410,000
Cash invested: $10,000

Single-family home converted into a co-living multi-unit home for college students. Each unit with individual locks. Shared primary living space. 2 units per bathroom.

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

I have a college student in the area and finding safe, affordable housing for college students is challenging.  I have 4 current tenants with a 5th optional room, which is easily covering expenses with 3 months of safety net savings built after 3 months.