First Investment with Downtown Duplex

[Aisha Duff]

Investment Info:

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

Purchase price: $275,000
Cash invested: $6,000

First investment property. House hacked to start off. 3 bed 1 bath on one side, 2 bed 1 bath on other, bring in $550 in cash flow per month.

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

Located in the booming downtown area where out of towners are gravitated to.

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

Driving and found it for sale by owner

How did you finance this deal?

VA Loan

How did you add value to the deal?

Fixed major construction concerns and light cosmetic work. Still a working progress

Lessons learned? Challenges?

House hacking in a 2 bed room with a family of 5!