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Updated over 5 years ago,

User Stats

66
Posts
11
Votes
Melchor Domantay
  • Rental Property Investor
  • Berwyn, IL
11
Votes |
66
Posts

Second Property - Giving me confidence to do more!

Melchor Domantay
  • Rental Property Investor
  • Berwyn, IL
Posted

Investment Info:

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

Purchase price: $88,000
Cash invested: $25,000

I'd like to introduce you to my 2nd property. It's my first Foreclosure REO purchase. ? I put 25% down and put another 10k to remodel. Did a refinance 6 months after and get most of my invested money back. Love this property!

This property gave me the assurance and confirmation why I should do real estate. It gave me cashflow and force appreciation in the short amount of time.