First Rental Property

[Ben Bolingbroke]

Investment Info:

Small multi-family (2-4 units) wholesale investment.

Purchase price: $375,000
Cash invested: $18,000

Duplex rented out to college kids near the University of Utah.

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

I am also a student at the University. It's a way for me to avoid paying rent, and earn some passive income.

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

Zillow. Used a traditional real estate agent.

What was the outcome?

$400/mo passive income.