Duplex college rental near campus

[Derc Teschler]

Investment Info:

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

Purchase price: $165,000
Cash invested: $42,000

Duplex college rental near campus.

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

I used to live in this building when in college. This purchase was nostalgic, but turned out to be the best return on any investment I've made.

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

Active MLS search.

How did you finance this deal?

Conventional

How did you add value to the deal?

Complete renovation in one of the units prior to renting it out.

What was the outcome?

I did a cash out refi to recover 100% of my investment, while still holding onto a $1,200/month cashflow.