Duplex Appraised as a SFH

[Chase Kaye]

Investment Info:

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

Purchase price: $520,000

I was able to secure 5% down on an conventional loan without refinancing out of my FHA. This is a long term rental with both units occupied at above market rents.

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

Asheville is a very hot market. Rents and home values will continue to rise.

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

I found it on the MLS and went in under asking.

How did you finance this deal?

Conventional.