My first deal (from 2017...I'm late getting this into the forums)

[Jeff Prather]

Investment Info:

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

Purchase price: $360,000
Cash invested: $14,000

My first investment was a house hack. I went from paying $1,700 per month for a 2 BR in Green Hills to having all of my P&I covered by my tenants. Now I just pay a few hundred each month in taxes and insurance and I live in a great neighborhood.

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

Saving a boat load of money each month

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

Off market deal found through networking with a lender at the Nashville REI.

How did you finance this deal?

FHA owner occupied financing

What was the outcome?

I'm able to live in a great neighborhood almost for free and gain experience with contractors and landlording