First 50/50 Deal Co-Investing

[Krissie Poplin]

Investment Info:

Small multi-family (2-4 units) note investment investment.

Purchase price: $130,000
Cash invested: $17,000
Sale price: $155,000

This is a side by side 2 story duplex on a large lot in a quiet Brainerd lakes area neighborhood.

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

My brother & sister in law were interest in investing in their first rental property and were unsure how to get started, so we found this property and co-invested with them.

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

We found this deal through a friend who had a brokerage in that local community.

How did you finance this deal?

This deal was financed on a 30 year conventional mortgage with 25% down. The down payment was split 50/50 with my in-laws.

How did you add value to the deal?

We provided knowledge and experience.

What was the outcome?

We owned this property for almost 3 years and got great cash flow. We sold at the peak of the market for a profit that was split between us and our in-laws.