New Investment in Aurora, IL

[Ryan DiCanio]

Investment Info:

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

Purchase price: $266,000
Cash invested: $15,000

My goal of 2021 was to obtain my first investment property and I can successfully say I have done that with this duplex in Aurora! I have updated the following to the property:
- Ripped out carpeting and installed Vinyl Flooring
- Refinished all bathtubs and sinks from a deep green to a bright white finish
- Fresh coat of eggshell white paint and high gloss on the trim

I have learned so much from this first property that I wouldn't have learned without the experience of just jumping in! I can't wait to see where my real estate investment journey takes me.

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

It was in the area I liked and the numbers worked out very well for my first deal!

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

I found this deal from Real Estate investor on the MLS.

How did you finance this deal?

FHA Financing with the help of gaining a sellers credit.

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

I would highly recommend using Paul de Luca as he is a superb realtor, as well as Cross Country Mortgage for a primetime lender! They helped with making this whole process easy for me!