Owner Occupied (My first)

[Thomas Kelly IV]

Investment Info:

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

Purchase price: $191,000
Cash invested: $22,880

Nice 2 unit that needed some serious love and updating. Luckily I am handy and resourceful. Beautiful neighborhood, quiet fenced in yard and large carport out back. Will continue making tasteful upgrades until I decide to reinvest equity.

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

Long term would pay for itself, reinvest equity and grab another.

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

Internet, through my broker.

How did you finance this deal?

FHA

What was the outcome?

Owner occupied beautiful property that is helping me build.

Lessons learned? Challenges?

Always have quadruple the time and income saved and ready.

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

Devin Zedyk with Cliff Lewis Hearthside.