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

[Josh Fugle]

what was and now is the property renting at? 1b1b? are you self managing and what are you using to do that?  trying to find a 4-8plex that cashflows more than 1000 is rough. and to make it not a section 8 is even harder it seems