First investment deal: St. Pete, FL

[Thomas Mastrodonato]

Investment Info:

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

Purchase price: $283,000
Cash invested: $15,000

2 Unit multi- Family. I am living in the upstairs unit while I have a friend renting out a room (house hacking). I have a long term tenant downstairs.

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

I felt that multi-family was a good starting point for myself. There was value to be added with this place in some different ways.

How did you finance this deal?

private money