Excited about our first rental pruchase

[James Bolt]

Investment Info:

Small multi-family (2-4 units) note investment investment.

Purchase price: $75,000
Cash invested: $21,400

3700 SQUARE FOOT DUPLEX. 4/1.5 AND 4/2.

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

MULTI FAMILY HAVE HIGHER ROI AND CASH ON CASH RETURNS.

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

THE CITY WAS RECOMMENDED BY OUR PROPERTY MANAGER. WE LIVE IN JACKSONVILLE FL AND THE PROPERTY OS IN OHIO.

How did you finance this deal?

CONVENTIONAL FINANCING

What was the outcome?

WE BOUGHT THEE PROPERTY, NEED TO PUT AROUND $15,000 INTO THE HOME AND VALUE WILL BE $150 TO $180,000

Lessons learned? Challenges?

I MOVE AT THE SPEED OF LIGHT AND PEOPLE ARE MORE LAID BACK IN OHIO. I NEED TO SLOW DOWN A FEW KNOTCHES.

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

PHILLIP HARFORD - PROPERTY MANAGER - AGENT
DAWN MAHAN LENDER