First deal 2 family duplex

[Rashad A Smith]

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.