Duplex in fairmount

[AJ Hamilton]

Investment Info:

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

Purchase price: $384,000
Cash invested: $80,000

Two unit duplex on AirBnB.

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

House hack

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

Wholesaler

How did you finance this deal?

Traditional bank loan, 15% down

How did you add value to the deal?

Lived in bottom unit for two years and listed the top unit on AirBnB.

What was the outcome?

Solid income monthly

Lessons learned? Challenges?

Top/bottom duplexes are not preferred to side by side because of noise, water damage, access.

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

No