How one property made me 100K

[Daniel J Dominguez]

Investment Info:

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

Purchase price: $35,000
Cash invested: $15,000

Duplex with 1 bed on each side.

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

Cashflow

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

bandit/yard sign marketing. Negotiated and won against 3 other investors

How did you finance this deal?

hard money

How did you add value to the deal?

Needed roof, plumbing, flooring, bathrooms, kitchen. One side converted into a 2bedroom unit.

What was the outcome?

Rented both sides then cash out refinanced. Currently i cashflow and property is worth double

Lessons learned? Challenges?

make sure you Run the numbers and if the numbers look good jump on it

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

i am a realtor