Value Add Midwest Duplex

[Mickey Petersen]

Investment Info:

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

Purchase price: $66,000
Cash invested: $30,000

This is our smallest but probably the best deal we have made as far as cashflow. Only had to update one unit so far. The mortgage is low and the rents are good. This is our only midwest property.

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

This was the first deal we ever did. It was a cheap property so it was good for starting out.

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

Agent / MLS

How did you finance this deal?

Conventional Financing

How did you add value to the deal?

Updated units