My very 1st multifamily deal

[Quentin Mitchell]

Investment Info:

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

Purchase price: $15,000
Cash invested: $21,000

This property makes me 1500 per month with section 8 tenants with 1,236 guarantee from section 8 every month.

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

Multiply rents

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

MLS just made an offer

How did you finance this deal?

Cash

How did you add value to the deal?

Complete rehab

What was the outcome?

Rented it out for a total of 1500

Lessons learned? Challenges?

Follow your plan, even when it isn't going well.

[Jaron Walling]

@Quentin Mitchell Where in Chicago did you purchase property for $15K? That is ridiculously cheap but the cash-flow looks good.