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Updated over 5 years ago on . Most recent reply

User Stats

49
Posts
10
Votes
Brian Watts
  • Investor
  • Texas
10
Votes |
49
Posts

Dux-Duplex Deal in Longview, TX

Brian Watts
  • Investor
  • Texas
Posted

Investment Info:

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

Purchase price: $172,000
Cash invested: $34,400

Two duplexes in north west Longview, TX

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

Found the deal on the MLS from another out-of-state investor who needed cash to rebuild other investments

How did you finance this deal?

Conventional Mortgage from a small bank in Texas

What was the outcome?

Cash flowing deal while building equity on a 15yr note

Most Popular Reply

User Stats

193
Posts
143
Votes
Angie Shires
  • Realtor
  • Tyler, Tx
143
Votes |
193
Posts
Angie Shires
  • Realtor
  • Tyler, Tx
Replied

@Brian Watts Looks like you're in with both feet, congratulations! 

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