Updated over 6 years ago on . Most recent reply
Small multi family duplex investment
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Ellijay.
Purchase price: $77,500
Cash invested: $80,000
Duplex that stays rented, I haven’t had to do any major repairs to date. It could use an update but for now we have good renters in place so, don’t fix what isn’t broken. I have almost made back my initial investment so I think it was a very good investment
What made you interested in investing in this type of deal?
Cash flow and it seemed to be a good deal
How did you find this deal and how did you negotiate it?
Searching the internet
How did you finance this deal?
Cash, my money
What was the outcome?
In five yrs I have almost made my investment back and I know I can sell it for a lot more than I paid initially.
Lessons learned? Challenges?
Don’t rent to friends, the only problem I have had with this property was renting to a friend.