My First Property and My Experience!

[Zachery Highfield]

Investment Info:

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

Purchase price: $760,000

It is a Duplex located in downtown Charleston, Sc.

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

The more units meant more streams of income, and also the location had lots of construction going on before I bought the property.

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

It was my 2nd ever home I was walking through, the numbers and the property made sense

How did you finance this deal?

Va loan

How did you add value to the deal?

redid the whole entire landsacpe and backyard. ( the property came turn-key ready)

What was the outcome?

Very good cash flow and appreciation in the property.

Lessons learned? Challenges?

As funny as it sounds I learned how to turn on the utilities and water of the property! I found out when the tenants began calling me that their stuff was not working!

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

Sweetwater Capital, and Giovanna Richards helped me out! They are awesome!