Parkway Home and Investment Property

[Cesar Gomez]

Investment Info:

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

Purchase price: $280,000
Cash invested: $30,000

Duplex property all fixed up and rented, currently house hacking one unit and bought at a great location.

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

I read the book on rental investment by brandon turner and loved the idea of house hacking a duplex.

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

I found it through an agent and since it was my first property i qualify for a great loan which gave me some leverage to be ok with paying a little more than investor trying to flip the property. since I did not know much about negotiating I got the help from the agent to guide me for a great price.

How did you finance this deal?

with and FHA loan

How did you add value to the deal?

Made major improvement inside the units, updated the flooring, bathroom, and kitchen cabinets as well as a fresh coat of paint inside and the exterior.

Lessons learned? Challenges?

Being my first home and not knowing much about investment one thing i did learn was to be more aware of how the condition of the units were and using that to my advantage to negotiate for a low price range