First Real Estate Deal
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $465,000
Cash invested: $23,250
Contributors:
Markus Jackson
Triplex in Newark, New Jersey; 9 Bedrooms, and 5 Bathrooms, currently using as a HouseHack.
What made you interested in investing in this type of deal?
Cash Flow
How did you finance this deal?
FHA 5% Down; Had a seller concession to cover closing cost
What was the outcome?
Projected Cash on Cash after year 1: Around 35%
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Peter Boutros
