SOLD - Duplex with over 150k in profit

[Logan Hassinger]

Investment Info:

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

Purchase price: $225,000
Cash invested: $45,000
Sale price: $410,000

Single story duplex in Grapevine, TX

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

Very desirable area with excellent tenant base

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

Direct mail and bought as a package of 2 to close it

How did you finance this deal?

Traditional portfolio loan

How did you add value to the deal?

Bought from a distressed seller, and raised rents to market with minor upgrades to interior units.

What was the outcome?

150k in profit in under 2 years

Lessons learned? Challenges?

Find value