Updated about 7 years ago on . Most recent reply
First Real Estate Investment
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $119,900
Cash invested: $8,000
Owner-occupant duplex
What made you interested in investing in this type of deal?
House hacking
How did you find this deal and how did you negotiate it?
Agent showed me the property before listing it. Paid full price with 6% concessions.
How did you finance this deal?
FHA loan
What was the outcome?
$2,300 gross rent, $550 monthly cash flow after moving out.