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Updated over 4 years ago on . Most recent reply

User Stats

4
Posts
3
Votes
Arlan Volquez
  • Investor
  • Providence RI
3
Votes |
4
Posts

My first real estate deal

Arlan Volquez
  • Investor
  • Providence RI
Posted

Investment Info:

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

Purchase price: $392,000
Cash invested: $9,500

Three family Home Purchased as owner occupied

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

Redfin

How did you finance this deal?

3.5% down payment as firs time home buyer

How did you add value to the deal?

I removed the carpet and added new floor, a bigger closets in a bed room. Painting with a fresh color according to the season

Lessons learned? Challenges?

finding a general contractor and planning better on my budget and no make hundreds of trip to home depot.

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

Yes did with real estates agent Colette Gnacadja

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