Duplex 2/2 investment

[Monte Blackwell]

Investment Info:

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

Purchase price: $165,000
Cash invested: $11,000

Closed on a duplex. Clash flows around 300/month. Cap rate is low but it's almost impossible to find something right now with anything more than a 4% CAP. NEXT!!!

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

Building my retirement. I like multiplex's more than I care about single family homes.

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

Realtor

How did you finance this deal?

Conventional lending. FHA 3.5% down. 4.8% interest. 30yr

How did you add value to the deal?

This deal is almost a complete turnkey.

What was the outcome?

Closed and funded.