First multifamily in Saint Louis, MO

[Frances Cue]

Investment Info:

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

Purchase price: $475,000
Cash invested: $35,000

Triplex in LaSalle Park

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

House hacking

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

Through zillow we found a really nice investor. He was definitely instrumental in getting a better deal for our house hack. We managed to get seller credit via fixes to the house which is nice.

How did you finance this deal?

Savings

How did you add value to the deal?

Replaced roof, updated electrical wiring, radon mitigation system

What was the outcome?

TBA

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

Jeff Shaw was our real estate agent and I 100% recommend him.