Hey guys my name is Eric Almonte i recently closed on a duplex in Jacksonville Florida in November of this year this property was a off market property i found on Facebook market place appraisal came in at 168k which was a plus, purchase price was 145k what the owner was asking for. Both units have tenants in there till june and july 2022 they are paying undermarket value rent the 3/1 is paying 750$ bigger pocket rent estimator says i can get 950 very high confidence according to them i think i can easily get 1000$ and the 2/1 is a paying 600$ a month he is elderly but bigger pocket says i can rent that for 850$ total rent amounts came in at 1350 my piti totals to 946 and property management takes 10% total monthly cashflow is 269 a month with current rents. As soon as the lease expires i will be increasing rent to market value, and i will make a greater cashflow. Both units are decent unit 1 and 2 need a light rehab just a lil outdated so i will be doing renovations after the leases end so i can get a higher appraised value in august with new rent rolls and the light rehab changes zillow and redfin says i can get 215k max im hoping i can get the value up to 250k by the time im ready to cash out refinance with inflation and low supply and moderate to higher demand im hoping the market keeps appreciation. i got a hard money loan for this duplex it was my only option as i graduated highschool in june of 2018 and went to trade school in sept 2018- november of 2019 i started working shortly after and in march of 2020 i got laid off. By this time i wanted to invest in real estate but after talking to lenders i couldnt due to no work history i had made 150k in investing in bitcoin from march sell off and buying everyweek and holding from then till now so money wasnt an issue just needed a lender willing to loan to me and hard money was my only option so i put down 20% and my monthly interest rate is 4.75% because i had a 750 credit score which help me get a low rate so what I owe left on the mortgage is 116k and if i get my cash out refinace at 75% ltv ill be able to keep around 70k after paying old loan off and then use that 70k for another down payment i want a fourplex but what i really want is to go commercial 5+ units where i can do value add raise rents and get a higher value to cash out refi again and continue the momentum. just wanted to share my story and my goal thanks for your time.