Duplex - live-in and BRRR

[John Robinson]

Investment Info:

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

Purchase price: $309,000
Cash invested: $50,000

Bought as duplex, rehab, refi, hold. Goal was to rent as many spaces as property would enable, while living in portion of house for lowest rent possible.

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

passive income and future value

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

Moved to the area and rented for 1.5 yrs to learn the neighborhood , then bought the best deal I could find that met my requirements

How did you finance this deal?

conventional

How did you add value to the deal?

hurricane windows, fencing, modernized beds and baths

What was the outcome?

increased rents, additional 50% equity

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

no