My first Bought and held

[Timothy White]

Investment Info:

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

Purchase price: $153,000
Cash invested: $400,000

Traditional working class mult family carry original charm in the thriving city of Somerville. Updated kitchens baths, floors ,paint and new porches with added 3rd bedroom on second floor.

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

The city and, as usual you make your profit with the deal

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

Called to find the right place and deal situation

How did you finance this deal?

Traditional financing

How did you add value to the deal?

Reasonable upgrades without down to stud renovations

What was the outcome?

Excellent
It’s a positive cash flower with very high equity

Lessons learned? Challenges?

Start. Get educated and simply start

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

Not that agent. I am now licensed to support my and any other clients with there property needs.