Closed on first Duplex!

[Gabe Zader]

Hello BP family,

     Today my wife and I closed on our first Duplex.  I have experience in mobile homes and lots, but this is our first stick-built multifamily.  We found this deal from a motivated seller online who was going into foreclosure.  We helped him avoid foreclosure, and got a great deal in the process.  Win-Win! The house has some deferred maintenance issues that we plan to fix in the coming months. We also plan on raising rents once we have the trust from our tenants that we're improving the duplex and making their home better.

   I just wanted to express my excitement with everyone here.  You guys are great and always so supportive and helpful.

     I'm working on an introduction letter, and getting the leases ready for the 2 tenants we just inherited. I'm sure there will be plenty of ups and downs, but we plan on learning and improving the whole time.

Happy Investing!