First Investment Property

[Jared Tillery]

Investment Info:

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

Purchase price: $100,000
Cash invested: $7,500

Upper-Lower duplex with detached garage. Upper unit = 700 SF. Lower Unit = 950 SF
Located in C neighborhood

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

First interested to house-hack to save money during school

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

Found on MLS and negotiated with REA down from $115k. Market Value was about $120k

How did you finance this deal?

FHA 203k loan

How did you add value to the deal?

Worked with REA to see comps