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Updated over 1 year ago on . Most recent reply

User Stats

71
Posts
59
Votes
Aaron Bard
  • Investor
  • Bangor, ME
59
Votes |
71
Posts

My first deal!...finally!

Aaron Bard
  • Investor
  • Bangor, ME
Posted

Investment Info:

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

Purchase price: $255,000
Cash invested: $10,412

3plex with two, 2/3bed 1bath units in the Maine house, and an attached two-story 2bed 1bath unit behind.

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

It has the cashflow potential, improvement potential, and house-hack potential that I was looking for.

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

Found on Zillow. Buyer agents personally knew the seller agents and I met the seller personally. Definitely helped with negotiation.

How did you finance this deal?

FHA loan

How did you add value to the deal?

Unit rehab and new tenants in one unit.

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

Yes! Morrison and Company (Nexthome Experience, Bangor Maine)

Most Popular Reply

User Stats

2,313
Posts
1,136
Votes
Bud Gaffney
  • Rental Property Investor
  • Boston, MA
1,136
Votes |
2,313
Posts
Bud Gaffney
  • Rental Property Investor
  • Boston, MA
Replied

In the words of the GREAT Tom Brady...

LFG!!!!!!!!!

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