Updated over 4 years ago on . Most recent reply
First rental property
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $395,000
Cash invested: $80,000
Quadplex near downtown Rochester, MN.
What made you interested in investing in this type of deal?
I have always wanted to get into real estate and one of my goals was to own a quadplex.
How did you find this deal and how did you negotiate it?
MLS
How did you finance this deal?
Conventional loan
Lessons learned? Challenges?
Run all the numbers not just the basics.
