Grand Rapids NE Side Duplex

[Justin Rader]

Investment Info:

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

Purchase price: $158,000

Cash invested: $45,000

Duplex on NE side of Grand Rapids

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

MLS

How did you finance this deal?

Savings/conventional mortgage

How did you add value to the deal?

Improved unit that needed paint/cleaning/repairs

What was the outcome?

TBD

Lessons learned? Challenges?

First time landlord items - finding contractors, working with and finding tenants.

Spent all my saved cash. If I find another deal I'll need to finance differently.