Category Archives: Multi-Family Property

June 2017 Financial Results

Recently I wrote a post about my adventures of purchasing my first multi-family investment property. Owning rental property has been an outstanding investment of my money thus far. I’m expecting to make a 17-18% return on investment this year and the best part about it is I’m not having to perform much of any work to earn it. Sure, I’ve had to write a few checks and field a few phone calls from my property manager but outside of that, things have been pretty much smooth sailing.

It occurred to me that it may be useful to document the financial results of my real estate investments as we go.

Part II – Tales of a newbie real estate investor: Purchasing my first multi-family rental property


My first real estate investment purchase was an 8-unit multi-family complex I purchased using equity from my primary residence by way of a cash-out refinance.  After my first purchase, I was super excited and eager to get more.  But before acquiring additional properties, I had to budget for maintenance & improvement projects at the multi-family.  I would be remiss if I didn’t go over some road blocks I ran into and challenges I had along the way. 

Tales of a newbie real estate investor: Purchasing my first multi-family rental property

I’ve always been interested in real estate. So, investing in single family rental properties has a been a goal of mine for quite some time. I’m not sure why it’s taken me so long to take the plunge. I’m sure fear was a large factor in not making a purchase. Even though I’ve listened to countless podcasts on real estate investing, read numerous books and attended meetings of local real estate investing groups, I still had this feeling that I didn’t know enough yet. I felt like I needed to learn more about it to avoid making any mistakes. Many would call this analysis paralysis which is over-analyzing a situation to the point that action is never taken. After absorbing all this information about the subject for years it was time to get serious about finding a deal. I had listened to enough of the success stories on the BiggerPockets podcast and I started to wonder why not me? Why wasn’t I a part of this real estate investing frenzy that so many people brag about. I felt like I had a good idea on how to proceed and what to expect when purchasing a property so it’s time for me to go out and build my empire.