First solo real estate deal

[Tim Stone]

Investment Info:

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

Purchase price: $195,000
Cash invested: $30,000

Duplex in a great area. Right behind TopGolf! Appraised at $285k before I bought it. Came in with $90k in additional equity.

If you do the math on $30k invested, I got a 4X return before I even touched the place!

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

I loved the area and it has been a goal of mine to buy a duplex there. We did a 48 unit deal right around the corner but have since sold it

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

Wholesaler

How did you finance this deal?

15% down loan from local credit union

How did you add value to the deal?

TBT