First Real Estate Investment

[Eric Barnes]

Investment Info:

Small multi-family (2-4 units) commercial investment investment in Phila.

Purchase price: $150,000
Cash invested: $50,000
Sale price: $350,000

Used building as a hair salon, custom garment shop and rented upstairs apartment.

All remodeling work done by myself.

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

I was looking for a building for my wife to open a hair salon

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

MLS

How did you finance this deal?

Commercial Loan

How did you add value to the deal?

Total rehab done by myself

What was the outcome?

Worthy investment. Currently waiting for closing.