First Investment Property

[Nathan Dehn]

Investment Info:

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

Purchase price: $122,000
Cash invested: $3,500

Purchased a small duplex with an FHA loan where I live in one unit and renting the other out.

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

I became interested in investing in multifamily by house hacking.

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

I found this deal on the MLS and negotiated the price down with minor repair work that was needed.

How did you finance this deal?

I financed the deal with my personal savings for the 3.5% down payment.

How did you add value to the deal?

We are doing slight reno with staining cabinets, painting, and improving minor fixtures.

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

I worked with my future mother-in-law Krista Hartmann and would obviously recommend her to anyone who is looking to buy or sell a property in the St. Louis area.

[Michael Marchman]

@Nathan Dehn smart move recommending the mother-in-law lol