Just Closed on My First Investment Property!

Just Closed on My First Investment Property!

Member since 2024 · 9 posts · 4 votes

Investment Info:

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

Located in Kenosha, WI. After 11 months of evaluating properties and 25+ offers, I had one accepted in November but walked due to attic mold. I planned to bid on this property in December, but it sold—only to fall through due to financing. The seller’s agent later reached out to mine and the rest is history.

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

The location! The Kenosha area is booming with urban development.

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

Through my agent.

How did you finance this deal?

Lender.

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Specialist · Memphis, TN · Member since 2024 · 63 posts · 24 votes
1y

@Carli Brunner

Congratulations on your first investment property- quite the accomplishment! Not to mention, it's beautiful! :)  

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  • Specialist · Memphis, TN · Member since 2024 · 63 posts · 24 votes
    1y

    @Carli Brunner

    Congratulations on your first investment property- quite the accomplishment! Not to mention, it's beautiful! :)  

  • Member since 2024 · 9 posts · 4 votes
    1y

    Thank you! 

  • Jaycee GreenePro Member
    Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
    1y
    Quote from @Carli Brunner:

    Investment Info:

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

    Located in Kenosha, WI. After 11 months of evaluating properties and 25+ offers, I had one accepted in November but walked due to attic mold. I planned to bid on this property in December, but it sold—only to fall through due to financing. The seller’s agent later reached out to mine and the rest is history.

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

    The location! The Kenosha area is booming with urban development.

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

    Through my agent.

    How did you finance this deal?

    Lender.

    Hi @Carli Brunner, welcome to the BP Forum! How much did you pay for this property? Are you house hacking? Did you have to do any rehab? How much are you getting in rent?

  • Member since 2024 · 222 posts · 161 votes
    1y

    Glad to see new investors getting into the market.  Tell us a little about your experience, the criteria that was important to you in deciding to pull the trigger on this property.  

    The property certainly has street appeal.

  • MD/DC · Member since 2024 · 1k+ posts · 1k+ votes
    1y

    Agree great curb appeal and layout for privacy in a connected residence. Would like to hear more particulars on the deal and your rent projections. 

  • Investor · Greenwood Village, CO · Member since 2021 · 22 posts · 8 votes
    1y

    Congratulations! Celebrate that you took action but Don't stop. Keep going and build the habit. 

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