Duplex on FHA

[Chase Kaye]

Investment Info:

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

Purchase price: $437,000
Cash invested: $10,000

20% Cash on Cash Return after year one. Leveraging the STR and Mid-term Rental Strategy.

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

Listening to all the bigger pocket podcasts gave me confidence on how to live for free!

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

I found it on the MLS. I offered under asking when the market slows down in the fall.

How did you finance this deal?

FHA Loan.