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Updated almost 3 years ago on .

User Stats

43
Posts
65
Votes
Tim Mieney
  • Investor
  • Rochester, NY
65
Votes |
43
Posts

My first investment.

Tim Mieney
  • Investor
  • Rochester, NY
Posted

Investment Info:

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

Purchase price: $60,000
Cash invested: $5,000
Sale price: $67,900

My first investment. Learned a ton about management, properly vetting tenants, not skimping on repairs etc. The exit was not my best and I would have done things much differently now. But, it was a great start to an incredible journey.