Duplex southwest of Bakersfield in Taft CA.

[David Fox]

Investment Info:

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

Purchase price: $108,900
Cash invested: $1,050

Duplex 1 bed 1 bath each side

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

The price per door in w/ tenants already living and loving where they stayed, thought it would be a great 1st purchase

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

On realtor.com they we’re asking $124,900, offered $105,000 negotiated and closed just under $109,000

How did you finance this deal?

Cash Deal my friend!

How did you add value to the deal?

Offered to pay all of closing, cash buyer, w/ no contingencies.

What was the outcome?

Deal

Lessons learned? Challenges?

Not sure as of yet