Buy & Hold investment

[Brenda Otero]

Investment Info:

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

Purchase price: $194,000
Cash invested: $46,000

Two family. Two units with two bedrooms & two baths each. One unit $1265 No utilities the other $1700 with utilities

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

Great profit potential

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

I am realtor

How did you finance this deal?

25% down conventional loan nothing held in escrow

How did you add value to the deal?

Just purchased

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

Lender Isha O’Grady with Superior Mortgage