First investment added to our portfolio was a multi family.

[Danny Strong]

Investment Info:

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

Purchase price: $225,000
Cash invested: $50,000

First house purchase. Lived here for 8 years, updated as time goes, which is what the cash in is. Now we just rent it out and hold. We have only had a high occupancy, only had vacant while working on it.

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

Needed a place to live, wanted to own, needed lower rent, so bought multi family.

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

Realtor

How did you finance this deal?

conventional finance

How did you add value to the deal?

updating the property, holding it.

What was the outcome?

Still own it.