Duplex as first investment property

[Jason Stevenson]

Investment Info:

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

Purchase price: $108,000
Cash invested: $31,228

Small duplex in quiet neighborhood.

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

Cash flow opportunity

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

MLS

How did you finance this deal?

Conventional loan with 25% down

How did you add value to the deal?

removed non-paying tenant and increased rent to market value

What was the outcome?

still own as a rental

Lessons learned? Challenges?

Properly managing tenants is key.

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

Jennifer Riley at Indian River Land Company