My 1st ever buy and hold.

[John Sween]

Investment Info:

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

Purchase price: $321,000

3 Unit multifamily that cashflows $5100 a month.

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

I love the idea of passive income.

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

I found it myself. Both parents passed away and there was a mortgage on the house I was living in. It was a matter of time before the house would get foreclosed and I had to make a move. I did not want to pay someone rent. I then made the move to have people pay me.

How did you finance this deal?

FHA

How did you add value to the deal?

Fixed it up a bit. New paint, hardwood floors, updated electrical.

What was the outcome?

Great investment property.