First Real Estate Investment

[Favian Nieves]

Investment Info:

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

Purchase price: $119,900
Cash invested: $8,000

Owner-occupant duplex

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

House hacking

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

Agent showed me the property before listing it. Paid full price with 6% concessions.

How did you finance this deal?

FHA loan

What was the outcome?

$2,300 gross rent, $550 monthly cash flow after moving out.