First home, first investment, rental and house in back.

[Catherine Fackenthal]

Investment Info:

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

Purchase price: $150,000
Cash invested: $24,000
Sale price: $245,000

2 unit one 1 BR up and one 2 BR down Victorian house with 2 BR cottage in back

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

Desired rentals to help pay mortgage

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

Real estate agent

How did you finance this deal?

Bank financing

How did you add value to the deal?

Maintenance and minimal improvements

What was the outcome?

Free rent in the San Francisco Bay Area for 13 years, profit turned

Lessons learned? Challenges?

Budget more for improvements

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

Not necessarily