Duplex 2/2 investment

[Monte Blackwell]

Investment Info:

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

Purchase price: $165,000
Cash invested: $13,000

2/2 Duplex in a gated community. Community pool and rents for $850/month

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

Buy and Hold.

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

Market deal used a realtor

How did you finance this deal?

FHA

How did you add value to the deal?

Know whether or not it would cash flow and if it is in a marketable area.

What was the outcome?

Success

Lessons learned? Challenges?

None

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

No