My First Investment!

[Jacob Gomes]

Investment Info:

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

Purchase price: $226,000
Cash invested: $12,000

Duplex where I House Hacked for the first year then moved out and now rent out both units!

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

This was the tried and true method of beginning to build a real estate portfolio and the easiest way to get started investing with low level cash investment.

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

Through my agent I worked with in St. Louis

How did you finance this deal?

I saved $150 every week for an entire year for the down payment then began looking for a property. I think put another 4k into a new furnace after owning the property for 2 years.

What was the outcome?

$400 monthly cash flow

Lessons learned? Challenges?

Should have bought a 4-Plex!