My first home/investment

[Jason Arcuri]

Investment Info:

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

Purchase price: $247,000
Cash invested: $15,000

3 Family owner occupied home. My first investment property that I bought at the top of the market in 06. I paid 400 a month to live on the first floor by myself and now I have it fully rented out.

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

Buddy of mine in college taught me a lot about investing and once I had a real job, I knew I wanted to have rentals as my working exit strategy.

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

I had a great realtor at the time.

How did you finance this deal?

FHA

How did you add value to the deal?

Longevity has added a ton of value.

What was the outcome?

Still own and it still making a profit

Lessons learned? Challenges?

Doesn't matter what market you buy in, just some have better value than others. Long term, you just need to be able to handle the bad years and you'll come out way ahead.