First Property, Cash Flowing Rental

[Aidan Uens]

Investment Info:

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

Purchase price: $299,000
Cash invested: $40,000

Up and Down Duplex, renting to mature tenants that cut the grass for me!

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

Family Friend and it is so easy to see the plus side in the numbers.

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

MLS, Paid asking

How did you finance this deal?

Conventional

How did you add value to the deal?

Fixed water issues, paint and flooring

What was the outcome?

Cash flowing rental

Lessons learned? Challenges?

Do not rely on people to get back you in a timely manor or lead you in the right direction.

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

Yes Anne Kelar from Belleville Ontario, very experienced and helpful.