Investment rental home

[Patrick King]

Investment Info:

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

Purchase price: $418,000
Cash invested: $100,000
Sale price: $505,000

New construction duplex in Bishop arts area; used as a short term rental and sold to an investor out of California.

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

The DFW market was ripe for investment in 2014; this deal was located in a gentrifying neighborhood and was ideal as a short term rental.

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

We found this deal through the MLS