3 family house

[Christopher Pray]

Investment Info:

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

Purchase price: $194,000
Sale price: $265,000

3 family house built in 1994. No major work required

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

First deal, house hack, FHA loan

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

MLS, full price offer, seller concessions

How did you finance this deal?

FHA loan

How did you add value to the deal?

Raised rents

What was the outcome?

Sold it

Lessons learned? Challenges?

Learned how to deal with tenants and manage rent and expenses.