Buy & Hold duplex house hack

[Collin Wallace Chesnut]

Investment Info:

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

Purchase price: $200,000
Cash invested: $20,000

House Hack Buy & Hold!

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

Brick duplex in the small suburb 10 minutes north of downtown des moines

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

Was listed on zillow for 40 days at 240,000 and offered 200,000

Purchased with an agent

How did you finance this deal?

Small bank that kept the loan in house. 10% down

How did you add value to the deal?

Was able to raise rents on the other side. Also slowly working on fixing up my side.

Lessons learned? Challenges?

Previous deals have been with my brother. this was my first solo deal.

Learning how to better manage tenants and having hard conversations around being late with rent and growing a better "back bone" when having those conversations.