First deal but hopefully more to follow

[Joel Bentley]

Investment Info:

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

Purchase price: $81,500
Cash invested: $2,500

It is 4 units, 3 of the 4 are rented and has a nice cashflow. 4 unit is under renovation.

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

This home needed some sweat equity, but had potential

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

MLS, Contacted the listing agent, and made offer

How did you finance this deal?

FHA loan