Updated over 1 year ago on . Most recent reply
Our First Endeavour
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $430,000
Cash invested: $10,000
Seller Financing 10% down payment, 5% interest rate. Utilizing as STR and MTR.
What made you interested in investing in this type of deal?
Our Real Estate Investor! We had been looking for a few months for our first investment property
How did you find this deal and how did you negotiate it?
Our agent found the property and brought it to our attention about the seller financing option
How did you finance this deal?
Seller Financed
Lessons learned? Challenges?
Short Term Rentals take a lot of time and energy. We were able to manage the property ourselves for 6 months and eventually decided to hire a property manager to take over
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes! Keith Andrews in Colorado Springs, CO