First Investment Property

[Matthew Gardner]

Investment Info:

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

Purchase price: $88,000
Cash invested: $27,000

4 Unit fully occupied at purchase.

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

Cash Flow

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

Off market, agent. Priced well enough to pay full asking price.

How did you finance this deal?

Conventional

How did you add value to the deal?

Underpriced, will be able to raise rents and sell for profit.

Lessons learned? Challenges?

Appraisals, lending.