Duplex in wilmington De.

[Leon B Buie]

Investment Info:

Small multi-family (2-4 units) hard money loan investment.

Purchase price: $65,900
Cash invested: $60,300

Newly renovated duplex in Wilmington De.

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

Investment

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

My gf saw it on Zillow and thought I maybe interested for 55k. when I submitted my offer another person submitted an offer so I offered 65900 and got the property.

How did you finance this deal?

Hard money loan with Lima One Capital.

How did you add value to the deal?

I turned a 1 bedroom into a 2 bedroom by eliminating the dining room along with upgrading both apartments.

What was the outcome?

Its a cash generating Airbnb Duplex!

Lessons learned? Challenges?

Delaware contractors aren't aggressive or they are super expensive.

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

Lima One Capitol got the job done when it came to funding it..