Duplex with 2 bedrooms

[Darrell Kirby]

Investment Info:

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

Purchase price: $144,000
Cash invested: $30,000

Duplex with 2 bedrooms, 1 bath. Laundry appliances in each unit.

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

Low cost with a good cash flow. Units were occupied.

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

An agent referred it to me.

How did you finance this deal?

With a HELOC from my property.

Lessons learned? Challenges?

Replacing any tenants that have a bad habit of not paying.

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

I worked with an agent and a lender.