First Investment property purchase

[Derek Kohut]

Investment Info:

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

Purchase price: $181,000
Cash invested: $20,000

Legal non conforming triplex in St. Catharines, Ontario, Canada

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

I was looking for a place to live but couldn't afford anything in the area I wanted to be in on my own. So I purchased this building and lived in one unit and rented out the other 2 apartments.

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

MLS with a real estate agent

How did you finance this deal?

Traditional methods with bank