Just closed on a new 4plex my first one yay!!

[Tina Jenkins]

Investment Info:

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

Purchase price: $172,000
Cash invested: $10,500
Sale price: $179,000

4 UNIT 4/Plex

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

The security of 4 units under one roof!

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

Online search and I enlisted the help of a buyers agent.

How did you finance this deal?

A loan through Commerce Bank.

How did you add value to the deal?

FHA low-interest loan.

What was the outcome?

I have an apartment and a business.

Lessons learned? Challenges?

Spend even more time on due diligence. Don't cave so easy on negotiations.

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

Yes, Matt Curtis Real estate and Weaver Holdings Property Management. They were great.