A place for the kids.

[Howard Horne]

Investment Info:

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

Purchase price: $622,000
Cash invested: $100,000

There were two reasons for buying this property. Two of our kids were living in the area and both were renting, we thought this property would be better for them than where they’re current locations. The second was to have a property that would appreciate with time.

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

It was a nice property, demand was high

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

A realtor helped us find it.

How did you finance this deal?

We got a bank loan.

What was the outcome?

So far so good.