1st Duplex Investment

[Account Closed]

Investment Info:

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

Purchase price: $263,000
Cash invested: $15,000

Duplex.
Living in for a year then moving forward to another investment.
Renting the other side currently for $1450

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

Found the deal thru our real estate agent.

How did you finance this deal?

We did a 5% money down.
Seller paid all closing cost .

How did you add value to the deal?

We added a 3rd bedroom in the lower unit, re-built the front porch and updated painting.
Currently remodeling the upstairs unit. Just finished the bathroom and starting on the kitchen next.