First Duplex Investment

[Martin Guerrero]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Milwaukee, WI

Purchase price: $226,000
Cash invested: $65,000

First Duplex investment. Closed March 2023 and rented May 2023.

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

Multifamily has been from what i see best return on investment and cashflow generator.

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

Looked for deal on MLS, took time almost 2/3 months before this deal had shown up, needed to be patient.

How did you finance this deal?

Conventional Mortgage

How did you add value to the deal?

Sweat Equity and updated property.

What was the outcome?

Cash on Cash >10% and Cashflowing ~900 per month

Lessons learned? Challenges?

First investment was difficult estimating cost of repairs, ordering flooring took time and did not order enough, this took time away from getting it market ready, every month that passes money is being lost.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

worked with Bank of England company out of Milwaukee. They were very helpful!