My 2-Family in Enfield

[Gordon Hurley]

Investment Info:

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

Purchase price: $126,000
Cash invested: $12,000

Small duplex in Enfield

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

This property was first to reside in one unit and rent the other because I didn't want to pay someone rent. Now I finally have fully rented and both units remodeled.

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

Found deal just by constantly browsing new listings on Zillow, saw and made an offer the second day it was on market Bid 1,000 over asking to win over other offers.

How did you finance this deal?

FHA loan

How did you add value to the deal?

Market added value and I gutted and refinished kitchens and bathrooms over the following two years.

What was the outcome?

Still have this property and it is now providing positive cash flow.

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

Robert Picard - Realtor
Tyler & Tyler - Attorney
Delano Mortgage - Mortgage broker