Duplex with finished basement

[Stafford Lewis]

Investment Info:

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

Purchase price: $267,000
Cash invested: $5,000

Beautiful Duplex in a single family neighborhood.

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

Somewhere I could live and do short term rentals. Quiet neighborhood.

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

Open house! By luck!

How did you finance this deal?

FHA Loan

How did you add value to the deal?

The plan is to add an additional bathroom in the basement to make it a 3 bath home.

What was the outcome?

It is a work in progress.

Lessons learned? Challenges?

Never give up.

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

Yes Province mortgage out of East Providence RI.