Small multi family duplex investment

[Cheryl Frangipane]

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.

[Tyler Gibson]

@Cheryl Frangipane is this property in Ellijay? My mother in-law lives in Jasper and I would be interested in that market. Would you mind sharing more information with me on rental rates in the area and the like? you can PM if you would rather not share here on the forum.