Buy and Hold investment

[Nick Monge]

Investment Info:

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

Purchase price: $70,000
Cash invested: $19,000

Duplex near Birmingham. Easy buy-hold.

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

Long term wealth, cash flow.

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

My agent.

How did you finance this deal?

Used private money to fund the down payment (15% PP) bank financing for the rest.

How did you add value to the deal?

Did some minor cosmetic repairs, $1200 in work.

What was the outcome?

Rented both units for $100 more than expected.

Lessons learned? Challenges?

None

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

My agent in Birmingham.