All Forum Posts by: Daniel Lewis

Investment Info:

Townhouse buy & hold investment.

Purchase price: $114,900
Cash invested: $20,000

Owner Occupied , 2nd Deal with 5% down

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

In the hot market of 2021, I was able to buy this from a coworker and get my terms with no competition. 5% down, rolling in closing costs with record low rates.

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

From a coworker in the office. We negotiated at work right a table. It was her purchase price and my terms.

How did you finance this deal?

5% down conventional loan

How did you add value to the deal?

Instantly painted the exterior and interior. Also replaced the furnace within the first couple months.

What was the outcome?

Solid townhouse in great school district.

Lessons learned? Challenges?

Do my due diligence and pay for an inspection!

@Marcos Paulo Cerra well the option for a 5% down conventional is available to me, however there’s a deal I’m looking at that the purchase price is cheap (44k) and the banks won’t touch it. 

@Marcos Paulo Cerra thanks man ! Going smooth so far. Im looking for the best way to fund my next deal, any suggestions ? 

Investment Info:

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

Purchase price: $137,500
Cash invested: $9,900

First deal, FHA house hack. Currently occupying 1 unit and renting the other half.

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

Rich Dad Poor Dad of course !

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

Through the mls with my local agent who also invests

How did you finance this deal?

An FHA loan

How did you add value to the deal?

I came in over asking price to make my FHA loan offer more appealing to the seller.

What was the outcome?

I got the deal turn key with an awesome tenant!

Lessons learned? Challenges?

Still pretty new but I’m sure I could always be more patient and look harder for better deals. Definitely check out more properties too !

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

Yeah in the Syracuse area Bell Home Team is great.