715 S northern blvd Independence, Mo

[Joseph H.]

Investment Info:

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

Purchase price: $13,000
Cash invested: $35,000

Single story with a walk-out basement duplex, newly remodeled.

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

The numbers worked for the property

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

Family member found the deal and brought it to my attention.

How did you finance this deal?

Personal cash and a personal loan.

How did you add value to the deal?

Full remodel

What was the outcome?

Walked into $50,000 in equity after everything was done, and this will be a cash flow king.

Lessons learned? Challenges?

estimating repair costs, and this has been a learning curve for the admin side as well as the repair side.

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

Not on this one.