All Forum Posts by: Darron Allen
Darron Allen has started 2 posts and replied 2 times.
Post: Just closed on my 1st investment property
- Rental Property Investor
- VALLEY STREAM, NY
- Posts 2
- Votes 2
Hello,
My name Darron from New york city. Just closed on my 1st multifamily property. Joined BP today to learn the in's and out's of the business from like mind people. Looking to create generational wealth for my family.
Post: first multifamily purchase
- Rental Property Investor
- VALLEY STREAM, NY
- Posts 2
- Votes 2
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $722,000
Cash invested: $70,000
New Multifamily house looking to get them rented out currently.
What made you interested in investing in this type of deal?
This property had multiple units in a neighborhood i believe is going through gentrification soon.
How did you find this deal and how did you negotiate it?
Zillow. I used a relator to help with negotiating.
How did you finance this deal?
personal savings and a home loan
What was the outcome?
We closed on my very first investment property.
Lessons learned? Challenges?
Having all my finical documents together helped the process go smoother.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Walter Greene was my agent.