From a tri-plex to beyond

[Preston Heninger]

Investment Info:

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

Purchase price: $300,000
Cash invested: $17,000

Our first investment, a house hacked dueplex into a triplex.

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

The cashflow opportunity.

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

MLS, through a realtor.

How did you finance this deal?

FHA Loan

How did you add value to the deal?

Added another living space, rehabbed the whole yard and landscaped.

What was the outcome?

A living space for my wife and I along with $1300 in cashflow.

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

Brad Lewis. Will be doing more with him in the near future!