Updated almost 6 years ago on . Most recent reply
First Investment property purchase
Investment Info:
Small multi-family (2-4 units) buy & hold investment in St. Catharines.
Purchase price: $181,000
Cash invested: $20,000
Legal non conforming triplex in St. Catharines, Ontario, Canada
What made you interested in investing in this type of deal?
I was looking for a place to live but couldn't afford anything in the area I wanted to be in on my own. So I purchased this building and lived in one unit and rented out the other 2 apartments.
How did you find this deal and how did you negotiate it?
MLS with a real estate agent
How did you finance this deal?
Traditional methods with bank