mulity family just purchased

[Steve Faucette]

Investment Info:

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

Purchase price: $132,000
Cash invested: $45,000

Just closed on a three family 9 beds 3 bath mulitfamily.

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

muliti seems the way to go especially, if you cant afford commercial real-estate, i am building my small portfolio over time....in 2017 i Purchase 3 Properties in one year, too me is an amazing feet.

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

i search all the MLS sites, i also purchased a SFR in an TAX Auction in the state of Connecticut. still own it and renting for $1400 a month.

How did you finance this deal?

tax auction

How did you add value to the deal?

well, every year someone is asking me if i want to sell it, it was a very desired home at the auction.

What was the outcome?

i won the auction!

Lessons learned? Challenges?

don't let your ego get in the way.

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

Bankcorp financial.....the middle man to get you the money.