Multi family property purchase (duplex)

[Arios Nelson]

Investment Info:

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

Purchase price: $117,500
Cash invested: $4,000

Duplex

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

Opportunity to home hack and save on living expenses

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

Through agent

How did you finance this deal?

FHA

How did you add value to the deal?

Fresh paint, new light fixtures, rehab bathroom vanities, new kitchen appliances

What was the outcome?

Received new tenant and raised rent by $85

Lessons learned? Challenges?

Should haves DS more of an effort to put 20% down and got a conventional loan to avoid PMI

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

Yes Paola Blackburn