26 Crown St. Bristol, CT 06010

[Thomas Kareeparampil]

Investment Info:

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

Purchase price: $107,000
Cash invested: $25,000

Two family brick property. First investment property!

[Thomas Kareeparampil]

@Jaysen Medhurst Sure! Purchased back in August 2016. The property was listed since November 2015, originally at $169,000, then price cut to $140,000. I threw a low offer of $107,000 and the buyer accepted! Closing process went smoothly. Only updates made included changing roof (flat asphalt), paint rooms, and make minor repairs. Rented to two tenants who still live there. Refinanced the property in December 2017 and was able to take out $16,000 cash. Self-manage the property remotely from New York. Have since purchased three additional investment properties in the area and looking to expand. What type of investments have you made?