Second home and first investment property.

[Gordon Wing]

Investment Info:

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

Purchase price: $153,000
Cash invested: $5,000

2 and 1 zoned for 2 units with a 300 sq ft Pedestrian garage and plans to convert to be used as companion flat or separate unit.

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

Initially for housing price stability, security and autonomy.

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

Real estate agent.

How did you finance this deal?

Va Loan.

How did you add value to the deal?

Converted 300 sqft,

What was the outcome?

Ongoing...

Lessons learned? Challenges?

Lesson learned? Get after it. The challenge has been lack of education about leveraging debt. This coupled with balancing the funds to time ratio.

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

Yes, Yes, Yes! Eddy Dunkel at Devon properties is AMAZING. Always available, calm, and consistent.