My first small multi-family

[Travis Deutman]

Investment Info:

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

Purchase price: $156,000
Cash invested: $46,000

I purchased this property turn key off Roofstock. It was my third property and first multi-family. I have had many issues with the plumbing and had to replace the roof. I have an amazing property manager at Home River Group. I would never own a buy/hold property without a property manager. I have learned a lot about lift station (avoid at all costs in the future) which are expensive to fix. I didn’t even know the property had one, but my first clue should have been an unknown electric bill.