FHA Duplex Primary

[Tyler Wilcox]

Investment Info:

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

Purchase price: $185,000
Cash invested: $6,475

I bought as a primary with FHA loan and lived in one side for a year. Rents have went up and made this an amazing deal. Originally I was living rent free when I bought it. When I moved I was cash flowing $700 a month.

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

100% CoC Return

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

MLS

How did you finance this deal?

FHA Loan

How did you add value to the deal?

Added a fence and a storage building

What was the outcome?

Still own and have rose in value by over 100k

Lessons learned? Challenges?

Look at plumbing and trees