Duplex Purchased Under Market Value

[Dan Griebling]

Investment Info:

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

Purchase price: $199,000
Cash invested: $3,000

Purchased for 199k July 2017. Current estimated market value 240k. Minor capital outlays, lots of sweat equity.

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

Instant equity. House was listed as single family but it was a duplex, I believe this is the primary reason we purchased under market value.

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

Traditional...realtor.

How did you finance this deal?

Traditional 30 year mortgage.

How did you add value to the deal?

Landscaping, paint, light fixtures, lots of minor cosmetics.