Lots of lessons and still learning 😁

[Edmond J Daugherty]

Investment Info:

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

Purchase price: $350,000
Cash invested: $45,000

A mother daughter we have progressively improved

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

Affordability (help paying the mortgage)

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

Real estate agent, last minute deal and only got $5k off (we had to move out of our apartment we were in a crunch)

How did you finance this deal?

VA loan

Lessons learned? Challenges?

So many.

-Make solid contracts with contractors and hold them to it!

-If you really want it to be an investment property, don't live there.

-Sometimes you have to get something that is overpriced in your eyes because the market values it where it does