Updated over 7 years ago on . Most recent reply
Buy and Hold with Nothing Down
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $388,000
3 Units property with double lots.
What made you interested in investing in this type of deal?
Build a consistent monthly cashflow with a slow growth of equity
How did you find this deal and how did you negotiate it?
Using real estate website and the help of my agent.
I was able to negotiate a 10% credit from the seller for repairs
How did you finance this deal?
Using a first time buyer program with NACA
How did you add value to the deal?
Using an additional 10% of the appraisal price with a lower interest rate added to the mortgage
What was the outcome?
Positive cashflow and potential to build a new building on the second lot