First Buy & Hold Property of Mine from 2019

[Frank Avallone II]

Investment Info:

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

Purchase price: $429,000
Cash invested: $10,000

First buy and Hold Property I ever did!

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

Always had an interest in Real Estate Investing

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

Through a realtor, negotiated by leveraging the negative aspects of the house discovered in the inspection.

How did you finance this deal?

Through a lender.

How did you add value to the deal?

Cleaning up the units and landscaping.

What was the outcome?

Been a great investment!

Lessons learned? Challenges?

Screening all tenants thoroughly is a must! Organization is key!

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

Chris Coranato as my Realtor