My First Buy and Hold Multifamily

[Alexander Whitten]

Investment Info:

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

Purchase price: $350,000
Cash invested: $1

This was my first RE investment property which I purchased using a VA loan, thus the $1 down. It is a 4-unit building with all units being 700 sq ft, 2 bed 1 bath apartments. It has shared water but each unit has individual furnaces which are individual metered as well as a storage locker and off street parking. For a first investment it has really taught me allot which is only getting me ready for my next property.