Another Turnkey Dutchtown Duplex

[Alex Bekeza]

Investment Info:

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

Purchase price: $100,000
Cash invested: $25,000

Another Turnkey Dutchtown Duplex

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

Already owning very similar properties in the area made this a seamless addition.

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

MLS. Offered $2k over asking simply to meet my lender's $100k minimum purchase price (but I also got a 2% seller concession to make it a wash).

How did you finance this deal?

30 year fixed DSCR based commercial loan @ 75% LTV @ 4.375%.

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

Norm form Sage Inspections is the man!
Provident Property Management manages all of my STL rentals.