First investment purchase done and rented!!

[Lindsey Pinkham]

Investment Info:

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

Purchase price: $520,000
Cash invested: $125,000

I bought my first investment property last month and went all in for a multifamily spot! 2 units, 1 side had a current tenant. I personally fixed up the other unit and am currently trying to get it rented. Posted it yesterday! I am very excited to be in the multifamily space! I bought this in this market and still cash flowing $800 a month! I am super pumped about it and just wanted to share. Thanks BP community for all of the education and help through this process!

How did you finance this deal?

Traditional financing. 25% down. I want to start getting deals through creative finance so if you got any creative deals, hit me up!

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

I used Rachel Duran. She is an agent here in phoenix who specializes in working with investors! I highly recommend her. She has 10 units herself and is very knowledgable when it comes to knowing the market and how much your property can cash flow!

[JV Hilario]

Congratulations, @Lindsey Pinkham! I have a friend in Phoenix who might be interested in renting that I can reach out to.