This was my first deal back in 2014

[Kyle Reece]

Investment Info:

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

Purchase price: $165,000
Cash invested: $6,500

Income was $3,000 when first purchased.

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

Matched property criteria and cashflow was too good not to jump.

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

Open market, another agent in my office had the listing.

How did you finance this deal?

FHA

How did you add value to the deal?

Found the deal, did analysis, was buyers agent for purchase, and managed property after.

What was the outcome?

Purchased, still own today income is up to $3,500 per month.

Lessons learned? Challenges?

How to screen tenets, how to handle fees, animals, contractors, and trouble tenets.

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

Tim Halladay, Victory Funding, Mortgage broker

Jim Langley, Langley Insurance, Insurance Broker