Liberty, Missouri Duplex

[Clay Davis]

Investment Info:

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

Purchase price: $155,000
Cash invested: $10,000

Duplex: 3 BR, 1/5 bath, 1 car garage each side.

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

Wanted to get into a rental property-this was a short sale

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

worked with real estate agent to negotiate a price with the bank-took 6 months.

How did you finance this deal?

80/20 loan

How did you add value to the deal?

New Roof, exterior refresh, new AC/Heating units

What was the outcome?

Still renting,