Recent buy and sale after one year holding period

[Aaron Gordy]

Investment Info:

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

Purchase price: $339,000
Cash invested: $100,000
Sale price: $593,000

A partner and I bought this dilapidated duon plex with views of downtown. I had a construction budget of $85k. We remodeled it. Sold it after one year holding period. Lower capital gains tax as compared to income tax

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

The difficulty

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

on mls

How did you finance this deal?

hard money

What was the outcome?

You should be able to tell

Lessons learned? Challenges?

many lessons learned