3 Family in West Hartford Very Nice Add to Portfolio

[Gary Robert Burnham Jr.]

Investment Info:

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

Purchase price: $416,000
Cash invested: $124,800

Bought this 3 family off the MLS from an attorney. Nice 3 family add to my portfolio. This property is a standard transaction with 30% down.

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

adding to portfolio

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

on the MLS and spoke to seller

How did you finance this deal?

conventional

How did you add value to the deal?

I spoke to the seller and worked out a price comfortable for both

What was the outcome?

excellent cash flowing 3 family property

Lessons learned? Challenges?

speak to the seller and work out a deal that both wins