Riverside California Duplex

[Mickey Petersen]

Investment Info:

Small multi-family (2-4 units) fix & flip investment in Monticello.

Purchase price: $650,000
Cash invested: $6,000
Sale price: $750,000

This wasn't meant to be a fix and flip. At the time we sold the market was increasing quickly. We decided to 1031 exchange for another Southern California multifamily property.

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

Off market deal brought by agent

How did you finance this deal?

Conventional Financing

How did you add value to the deal?

This one appreciated quickly on its own