Small multi family investment

[Steven Spelter jr]

Investment Info:

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

Purchase price: $233,500
Cash invested: $8,000

Small multi family investment in Biddeford Maine. House hacked for one year only paying $10 P/month toward PITI.

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

This listing was found on the MLS

How did you finance this deal?

Financed with an FHA loan

How did you add value to the deal?

improvements -Brand new bathroom, new HVAC

What was the outcome?

This property has appreciated well in the first year, fully rented with good tenant history.

Lessons learned? Challenges?

Lots of lessons learned,

One of the hardest lesson to learn was identifying good tenants.