Duplex investment in Waco Texas

[Kimberly Pittman]

Investment Info:

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

Purchase price: $545,000
Cash invested: $545,000

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

This is in a town that has a very good Private College - Baylor University. Also Chip and Joann Gaines and put this town on the map with their show on TV.

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

I found it researching after many months. I worked with the listing agent on the property.

How did you finance this deal?

paid cash from a 1031 Exchange

How did you add value to the deal?

I will be furnishing one side for now and leasing to a mid term rental until i get a property management company that will work the property or get it leased out to students

What was the outcome?

I listed on Furnished Finder and leased one side out in 1 Day.

Lessons learned? Challenges?

Alwasy stay on top of your properties and investements. No one cares about your properties like you do.

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

no