SOLD - Grapevine TX Duplex - 130k 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: $385,000

https://www.redfin.com/TX/Grapevine/1253-W-Hudgins-St-76051/unit-1255/home/146731299?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

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

Excellent market

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

Direct mail and motivated seller

How did you finance this deal?

Conventional with 20%

How did you add value to the deal?

Renovated units and increased rents to market

What was the outcome?

Units rented and sold for profit

Lessons learned? Challenges?

Take profits when present value of cash today outweighs future cash flows

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

Jon Westrom
Westrom Group