Side by side duplex

[John Hagen]

Investment Info:

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

Purchase price: $230,000
Cash invested: $50,000

Duplex next to another duplex I own.

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

It is next to another duplex I own. I know the previous owner.

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

Talked with previous owner. Used rent/potential rent to determine price.

How did you finance this deal?

Private lender

How did you add value to the deal?

Will be raising rent in the future.