Seller Financed Duplex

[Jason Coleman]

Investment Info:

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

Purchase price: $185,000
Cash invested: $12,000

Seller Financed Duplex @ 5% down. I ended up rolling equity from a refinance into this property so there was no cash out of pocket. Was able to increase rents 400 dollars/month total within 30 days of purchase. Market rents are another 100/month higher per unit. Considering turning it into an Airbnb or post on furnished finder once tenants move out. Appraised for 15k over my purchase price within 3 months with zero rehab. Another portfolio deal where I sold off most of the sellers properties then purchased one or two directly. Love being an agent ; )