First rental investmant

[Gloria Lyles]

Investment Info:

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

Duplex, rented and hold

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

it was 1 of my husband and his family members business. It was our passion

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

MLS, letters, word of mouth and driving for bucks were something we did.

How did you finance this deal?

with family money

How did you add value to the deal?

went in fixed up, update all things that was out dated, rugs, paint, appliances, windows, landscape,etc

What was the outcome?

Put it on MLS and had many offers, on family member stayed in on side.

Lessons learned? Challenges?

Just keep growing, learning and listening

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

no, we did it on our own.