First Multifamily Investment plunge.

[Dillon Beard]

Investment Info:

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

Purchase price: $261,900
Cash invested: $17,553

Duplex that I bought to live in one side, FHA Loan, and much much closer to my work.

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

Had to start somewhere.

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

MLS, with a realtor.

How did you finance this deal?

FHA, 3.5% down.

How did you add value to the deal?

Negotiated the home at a fair price. The home appraised at $271,200.

What was the outcome?

Bought it i live in one side currently.

Lessons learned? Challenges?

RAISE THE RENTS! Other side is currently way under rented.

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

Justin Benton, Mark Manthai,