200% Return from Duplex Buy & Hold

[John Moran]

Investment Info:

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

Purchase price: $162,000
Cash invested: $62,000
Sale price: $255,000

Duplex - Cash flowed $600 a month for 4 years - $28,000. No major fixes. Was turnkey (tenanted) when purchased. Cash proceeds of $130,000 at closing, a 210% return on investment without including cash flow. No capital gains - held in a Qualified Retirement Plan (QRP).

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

Cash Flow

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

MLS

How did you finance this deal?

Non Recourse Loan

How did you add value to the deal?

Natural Appreciating

Lessons learned? Challenges?

Make sure to hire a great property manager.

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

Dan DeMott - Realtor -

https://www.biggerpockets.com/users/DanDeMott