Updated over 5 years ago on . Most recent reply
1st Salt Lake Purchase
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $450,000
Cash invested: $21,000
House Hacking this Duplex....Not the best preformer on year 0-1, however, it got us to the city we wanted and the 5 and 10 year projections are Awesome! Long-term buy and hold
What made you interested in investing in this type of deal?
Long-term
How did you find this deal and how did you negotiate it?
MLS, full asking price offer was accepted
How did you finance this deal?
VA Home loan
How did you add value to the deal?
Not much to improve at this point. Recently remodel by a local flipper provided a quality turn key purchase
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Eli Rossett, Coldwell Banker Salt Lake City
Most Popular Reply
I’m a brand new investor in SLC and am excited for you! Way to go!