Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $275,000
Cash invested: $64,000
They're both single family homes with a shared common wall in the Garage. It was being sold as a duplex, my Lender and real estate agent advise we bid each property as two individual properties since they each had their own APN number. I was able to lower the Purchase price since comps came back less for two single homes. I manage both units, all utilities are paid by tenants.
What made you interested in investing in this type of deal?
low cost/low maintenance properties, long term security
How did you finance this deal?
conventional loan
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes my team consisted of one of the best lenders in the business, Marti with CS Mortgage Group.
