I purchased into a Family Duplex

[Gregory Cain]

Investment Info:

Small multi-family (2-4 units) other investment in Solana Beach.

Purchase price: $905,765
Cash invested: $10,000

Family Duplex purchased in early 70's, I'm currently the property manager.

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

Entering into the family business

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

I bought into a family investment

How did you finance this deal?

cash

How did you add value to the deal?

rent stabilization

What was the outcome?

increased rents and higher tenant quality

Lessons learned? Challenges?

all of the issues that come with being a new property manager

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

not yet