Duplex in Puerto Rico

[Jan Morales]

Investment Info:

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

Purchase price: $58,500

2, 2 bdrm/1bath units. No rehab required

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

Cash flow. Close to 2%deal

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

HUD

How did you finance this deal?

Traditional financing, 30 yr

Lessons learned? Challenges?

First one. Will have to evaluate and capture lessons learned. Looking to learn on this forum.

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

A good friend of mine with tons of experience in the Puerto Rico market and real estate agent/investor