My first property investment at the age of 19

[Clint Seil]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Norfolk.

Purchase price: $46,000
Cash invested: $5,000

Duplex property, 3,600 annual cash flow after all expenses

What made you interested in investing in this type of deal?

I wanted to general cash flow.

How did you find this deal and how did you negotiate it?

I used a realtor

How did you finance this deal?

First time home buyers loan

How did you add value to the deal?

Replaced the floor, add new carpets, paint and kitchen

Lessons learned? Challenges?

I should have refinanced and hold on to the property longer