All Forum Posts by: Mario Martinez

thank you ! @Julio Garcia

Investment Info:

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

Purchase price: $210,000
Cash invested: $10,000

2 bdr over 1 bdr

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

the ability to cash flow

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

off market deal with my realtor

How did you finance this deal?

conventional loan 10% down

BiggerPockets family!

I am happy to announce that I have officially closed on my second multi-family property in the Middletown,Ny area. 

This journey only gets more exciting, new challenges with this this home is that renters are currently paying below market rent. It will be hard to really raise the rent during these troubling times. I can not wait to get started and see how to work and build my relationship with new tennants.

its been well @Antonio Martinez, it is a big renters market at the moment. with Legoland almost done being built things should get better!

Investment Info:

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

Purchase price: $180,000
Cash invested: $30,000

Multi Family home in booming Middletown NY

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

multi-family

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

new oven, new bathroom vanity, paint job

How did you finance this deal?

conventional

Both areas are very rental friendly, any questions just ask away, be patient and make sure you get a deal you can afford

Its going great market is on fire right now! What are you looking to do if you do not mind me asking?

your story is a real inspiration Mr. Louxz! It has inspired me to get into real estate investing.. thank you

hi @Tom Huang are you still looking?

Good day bigger pockets family! 

I just got an accepted offer of 265,000 a 3 family owner occupant home. The house has two, two bedroom apartments which I am thinking to rent at 1,500 each. The basement is a one bedroom and I am thinking of living there or have a family member live there until I can get situated and move. My biggest issues is that there is one furnace for upstairs apartment and in basement is forced air heating. Hopefully my mortgage is in the 2k range and I can get by on 500 utilities. Do you think it is worth it? If i rent basement for a few at about 700 it will still cash flow upwards of 1k which is a goal of mine