Single Family to Duplex Conversion in Salem, OR

[Dillon Bryan]

Investment Info:

Single-family residence private money loan investment.

Purchase price: $207,000
Cash invested: $200,000

Purchased a single family residence with a private money loan and converted it to a duplex. Will live in one half and rent out the other half

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

Met with a broker who discussed this strategy

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

Real estate agent

How did you finance this deal?

Private Money

How did you add value to the deal?

Added on, renovated everything, and split into duplex

What was the outcome?

Still in the middle of it. Looks good so far though

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

Agent - Yes, Kim Leheigh