First Multi Family

Investment Info:

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

Purchase price: $490,000
Cash invested: $17,000

current evaluation ~ $590,000

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

buyer's broker

How did you finance this deal?

FHA

How did you add value to the deal?

increased rents

What was the outcome?

increased tax assessment

Lessons learned? Challenges?

fixed rate mortgage payments can fluctuate wildly