My First Duplex back in 2010

[Lakita Woodson]

Investment Info:

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

My First Duplex back in 2010

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

Low income neighborhood; save on taxes

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

Zillow

How did you finance this deal?

FHA ; first time home buyer w 3 % down; sellers offered sellers assistance;

How did you add value to the deal?

Upgrades throughout the years

What was the outcome?

Cash flow

Lessons learned? Challenges?

Choosing the right contractors are important. I learned to call others investors who referred me to trustworthy contractors.

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

yes