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Updated over 5 years ago,
Dallas Duplex Rental
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Irving.
Purchase price: $190,000
Cash invested: $47,500
Duplex in Irving. Same renters have been in units for 6 and 8 years. $500 cash flow/month.
What made you interested in investing in this type of deal?
Cash flow and equity
How did you find this deal and how did you negotiate it?
Local agent has been calling on homeowner for 5 years.
How did you finance this deal?
Traditional, 25% down. Cash from savings.
How did you add value to the deal?
Funding
What was the outcome?
Offer has been accepted, waiting for inspections.