First Real estate Investment Deal

[Ben Harris]

Investment Info:

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

Purchase price: $175,000
Cash invested: $15,000

Prior to close on the property, I was able to negotiate with the seller to install three brand new furnaces, install new vinal plank and carpet in multiple units, and pay some of closing costs because of days on the market. Allowing me to use other funds to fully renovate 2 units while the other two helped pay the mortgage.

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

I found problems to be solved that I believe I had the opportunity to fix

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

I found the property on the MLS

How did you finance this deal?

traditional mortgage