Duplex In Burlington

[Jerrold Simmons]

Investment Info:

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

Purchase price: $89,000
Cash invested: $17,500

Clean and Updated Duplex in Burlington, NC. Just purchased from the builder/owner. He was trying to retire. i inherited a renter, and have rented out the other side. 8% Cap rate

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

I love the idea of Multi family. Still new to this but this makes my second duplex. This one was a find.

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

Found the listing on Zillow, and made an offer that day.

How did you finance this deal?

Through my LLC.

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

Matt Ingram, Ingram Group in Kernersville, NC