First investment deal: St. Pete, FL
Investment Info:
Small multi-family (2-4 units) buy & hold investment in St. Petersburg.
Purchase price: $283,000
Cash invested: $15,000
2 Unit multi- Family. I am living in the upstairs unit while I have a friend renting out a room (house hacking). I have a long term tenant downstairs.
What made you interested in investing in this type of deal?
I felt that multi-family was a good starting point for myself. There was value to be added with this place in some different ways.
How did you finance this deal?
private money