Honeymooners multi for our first place

[Wayne Loux]

Investment Info:

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

Purchase price: $260,000
Cash invested: $9,000

First multi family my wife and I bought together, we lived in the first floor unit for 4 years.

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

Needed work, had a great floorplan, awesome backyard

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

MLS

How did you finance this deal?

fha loan

How did you add value to the deal?

Gutted both floors and remodeled each

What was the outcome?

Rent was increased and we lived in one unit for 4 years

Lessons learned? Challenges?

Not easy living with tenants but easier to tackle issues right away

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

I am licensed