FHA-Duplex, great start!

[Rodrigo Barrera]

Investment Info:

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

Purchase price: $179,900
Cash invested: $5,000

Duplex 3 bed 1.5 bath eqch side, near a college in historic neighborhood

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

house hacking

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

MLS...paid list price so seller would contribute to closing costs

How did you finance this deal?

FHA

How did you add value to the deal?

increased rents, replaced all cedar shake siding, painted whole house, landscaping interior paint, new appliances, remodeled one bathroom.

What was the outcome?

Still own it, a block from the college so great track record. Appreciated in value where I was able to get a $30,000 Heloc and buy more houses