Brick Duplex in Milton, FL next to NAS Whiting Field

[Nikolai Burch]

Investment Info:

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

Purchase price: $167,000
Cash invested: $20,000

Duplex, next to NAS Whiting Flied.
VA Loan
Self Managed
One side renovated
675$/ Monthly mortgage
1850$/Monthly gross rent

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

Financial Freedom
Good Mentor

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

Mentor
Facebook Post
Bought at Appraisal price

How did you finance this deal?

VA Loan

How did you add value to the deal?

Installed Sheet Rock personally
Knocked out wall to open kitchen
New HVAC on one side

What was the outcome?

250$ rent above average market price

Lessons learned? Challenges?

Get some one else to do the sheet rock

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

No