Potential first investment deal

[Roderick Crawford]

Investment Info:

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

Purchase price: $1,250,000
Cash invested: $44,000

2 Units
5 BDRM/3 Baths each

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

New build - an upcoming area - small enough to self-manage (2 units) - waiting list to get into these units

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

Off market deal, found thru a local agent
Will negotiate to have purchase price reduced by 20%

How did you finance this deal?

Finance will be FHA loan

What was the outcome?

Forthcoming