First property - multifamily

[Vlad Stinga]

Investment Info:

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

Purchase price: $430,000
Cash invested: $100,000

First property! Will update once it's fully stabilized

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

Biggerpockets

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

MLS

How did you finance this deal?

FHA

How did you add value to the deal?

Rehab

What was the outcome?

almost 300% rent increase

Lessons learned? Challenges?

Nothing ever goes right the first time

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Amanda Bruneau - real estate agent
Bobbie Maurer - lender (first home mortgage)