My first buy and hold.

[John Sween]

Investment Info:

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

Purchase price: $321,000

3 Unit multifamily that cashflows net $2400 a month. $800 per door.

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

Passive income.

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

Zillow and I offered 10k over asking but seller paid closing.

How did you finance this deal?

FHA

How did you add value to the deal?

New floors, updates electrical, new paint and finished the attic.

What was the outcome?

Great buy and hold.

[Mark Cruse]

@John Sween you probably need to teach classes on this. That may be one one of the best deals on Bigger Pockets history.