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Updated about 5 years ago on . Most recent reply

User Stats

6
Posts
15
Votes
Valerie Poynor
  • California
15
Votes |
6
Posts

My First Property!!!

Valerie Poynor
  • California
Posted

Investment Info:

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

Purchase price: $145,000
Cash invested: $33,000

My first investment property, woot woot! Duplex 2bd/1bth per unit. The property never even hit the MLS the same company (different agents) represented both seller and buyer (that's me). Everything happened so fast I was struggling to keep up, but remembered what I learned from BiggerPockets and pressed on even when I felt like running away. Glad I didn't! Property company manages it, and I just have to say yay or nay to the big things. Nothing like getting that first month's rent!

  • Valerie Poynor
  • Most Popular Reply

    User Stats

    100
    Posts
    65
    Votes
    Matt Bertsch
    • Investor
    • Allentown, PA
    65
    Votes |
    100
    Posts
    Matt Bertsch
    • Investor
    • Allentown, PA
    Replied

    NIce work, @Valerie Poynor. How did you find the deal? Your agent brought it to you before it hit the market? 

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