New multifamily home owner

[Michael J Robinson]

Investment Info:

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

Purchase price: $320,000
Cash invested: $11,000

Good bones and structure

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

Didnt have much to chose from with the 300k we was approved for

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

Realtor

How did you finance this deal?

Fha

How did you add value to the deal?

Cant do nothing until the tenants are gone

Lessons learned? Challenges?

Never buy a property with inherited tenants

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

Yes