Cash cow duplex

[Anastasia Gamino]

Investment Info:

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

Purchase price: $146,000
Cash invested: $44,000

Our latest Duplex!
Paid cash to beat out the competition , but will be using delayed financing.

This property is a short term/mid term rental.

Grosses around 4500 to 5000.
Nets/cash flows around 2500

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

We decided to try short term rentals for this property after it was a long term rental. It was close to 465(our major highway)and not too far from Speedway.

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

MLS- we got it in 2021!

How did you finance this deal?

We paid cash to beat out the competition in 2021 and did delay financing.

How did you add value to the deal?

We renovated kitchens and bathrooms. Put 12k in furniture on each side. One unit is a short term rental and other functions as a mid term rental.

What was the outcome?

I want more! Cash flows 2500 a month

Lessons learned? Challenges?

We decided to manage it ourself....we hired a PM and it did not go well! Don't be scared to cut ties when someone is loosing your money

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

Diego Hernandez-agent
Jared Shore- lender