First Multifamily Investment

[Colin Ford]

Investment Info:

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

Purchase price: $635,000
Cash invested: $10,000

In the process of closing. Will be first investment property. We will owner occupy for a minimum of 1 year.

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

I see potential in investing in Multi families. This particular property is in a great location. The current owner updated TLC so its move i ready.

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

Zillow and local real estate agent

How did you finance this deal?

VA home loan