First Deal in a Long term play

[Brian Watts]

Investment Info:

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

Purchase price: $134,000
Cash invested: $33,500

late 1970's duplex in South East Texas. Each side 1/1 with 1500ft between the two sides

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

Long term investor with a long way to go.

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

Found it on the MLS

How did you finance this deal?

Traditional Finance.

How did you add value to the deal?

Placed renters with a good property management company

What was the outcome?

$400/month profit