Golden CO MultiFamily

[Andrew Musser]

Investment Info:

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

Purchase price: $1,000,000
Cash invested: $72,000

I purchased a duplex in July. I live in one side with my partner and rent out the other side (along with an RV garage that is on the property). Monthly income from the rental is $3,400 ($3,100+$300). I have been doing work to improve the side that I am living in, including finishing the walk-out basement that adds another 2 BR and 1 Bath. 1-1 rate buy-down gives me a 24 month period refinance at either a lower rate, or at a higher value (forced appreciation from improvements).