First investment property

[Kyle N.]

Investment Info:

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

Purchase price: $242,000
Cash invested: $89,619

4 unit multi family

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

mostly a cosmetic fixer, good rental demand area, and possibility for appreciation long term

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

zillow

How did you finance this deal?

dscr LTV 75%

[Denise Supplee]

This is great @Kyle N.! One thing I’d really focus on now is pushing rents to true market as units turn over. Also keep an eye on your operating expenses early on, tracking them in the first year will give you a much clearer picture of your real returns.