1st Multi-Family Investment

[Joseph Ellis]

Investment Info:

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

Purchase price: $160,000

FHA purchased
FHA appraisal 290k
cash out refi to conventional

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

first start into investing/househacking

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

realtor

How did you finance this deal?

FHA

How did you add value to the deal?

renovated 2nd unit, complete demo/reno of bathroom unit 1, updates to plumbing

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

Yes