Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Updated almost 6 years ago,
First deal 2 family duplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Belleville.
Purchase price: $7,500
Cash invested: $30,000
A beautifully located downtown southern Illinois property. 2 family duplex, over 2500 sq ft., 2.5 bath 6 bedroom unit
What made you interested in investing in this type of deal?
Was an offer I couldn't refuse at the sale price. Felt like a great 1st deal.
How did you find this deal and how did you negotiate it?
I found this deal on Zillow
How did you finance this deal?
Actually financed this deal with money i was saving to buy a home of my own to live in (MUCH BETTER USE OF MY MONEY!)
How did you add value to the deal?
Quality renovations
What was the outcome?
A good cash flowing property.