2018 Duplex Milton, Vermont

[Eva Morel]

Investment Info:

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

Purchase price: $232,000
Cash invested: $25,000

Purchased a duplex 2bed/1bath on each unit. Rehabbed one unit (approximately 7,000$ rehab).

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

Numbers and location made sense. Rental income was about 1% of purchase price, with room for increase in rents.

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

MLS. We actually found out we had a higher offer. We negotiated it with a high earnest money deposit (2,500$), looked to close ASAP.

How did you finance this deal?

by forgoing shopping and Save, save, save

How did you add value to the deal?

Rehabbed kitchen and bathroom