Student to multi-family

[Dillan Stoor]

Investment Info:

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

Purchase price: $128,000
Cash invested: $17,000

Bought this as my first rental. leased to students for several years before remodeling and creating a duplex out of the single family home.

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

Cash flow and future investment.

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

Searched through Zillow and found something that I knew I could make rent easy.

How did you finance this deal?

FHA

How did you add value to the deal?

Made the basement a separate apartment