First Real Estate Deal

[Ley Nezifort]

Investment Info:

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

Purchase price: $465,000
Cash invested: $23,250

Contributors:
Markus Jackson

Triplex in Newark, New Jersey; 9 Bedrooms, and 5 Bathrooms, currently using as a HouseHack.

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

Cash Flow

How did you finance this deal?

FHA 5% Down; Had a seller concession to cover closing cost

What was the outcome?

Projected Cash on Cash after year 1: Around 35%

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

Peter Boutros