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Updated about 1 year ago on . Most recent reply
First Investment Property at 20
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $330,000
Beautiful Duplex, buying with the intention of renovating and renting out.
What made you interested in investing in this type of deal?
House hacking
How did you finance this deal?
FHA
Most Popular Reply
@Austin McDonald, Research, research, research!
I had my eye on this specific neighborhood for about 6 months before I found this property. With interest rates being super high in 2023, it was close to impossible to find any decent listings that didn't require a lot of work or were just overpriced. I found this listing on Zillow, looked at the numbers and everything checked my boxes, so I contacted the owner and kept a close eye on the listing. Turns out He lived out of state and was very motivated to sell, giving me the chance to a good offer.
Ultimately have patience, really research what you are wanting to do, and keep investing in yourself!