2 Family near hospital and medical school.

[Charles Situ]

Investment Info:

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

Purchase price: $371,000

2 Family near hospital and medical school.

How did you finance this deal?

convention financial. I put a bit more than 25% down because it was a replacement property of 1031 exchange in order to make the numbers work. 

Lessons learned? Challenges?

I made had overpaid a bid because Seller was very skilled at pushing more. I could had called seller's bluff and got a bit lower.

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

Yes. Great realtor that was instrumental in negotiation process with a tough seller who is also an agent.