Rental Property #1

[Jose Baldo]

Investment Info:

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

Purchase price: $130,000
Cash invested: $19,500

First rental Property. It is a Multi family, two apartments. ( 2 bedrooms and 1 bathroom each). Laundry in the basement for each unit. Garage for downstairs unit. Old house but fully renovated in 2012

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

I was trying to find a fair price property that was able to produce 1% of the value by renting it.

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

I found the deal through Real Estate in the mount pleasant area.

How did you finance this deal?

Conventional loan