Updated about 4 hours ago on . Most recent reply
Initial Investment Property
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $150,000
Cash invested: $20,000
This property was my initial investment property. It was an off-market deal that I found out about at a food truck outside of my full-time W2 job. It is a 2-bedroom, 1-bath upper and lower duplex.
What made you interested in investing in this type of deal?
It is something that I always wanted to do as a kid. After my divorce, I finally had the guts to pursue it. The numbers seemed to work out pretty perfect for me which was another reason why I wanted to purchase it.
How did you find this deal and how did you negotiate it?
It was an off-market deal I found outside of a food truck at my place of employment.
How did you finance this deal?
Conventional owner-occupied financing.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I worked with Lisa Pfaff as my agent for this deal. She was a driving force in encouraging me to become an agent myself. We now work in the same office for Shorewest Realtors.