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Updated almost 5 years ago,
Buy and hold Duplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Rochester.
Purchase price: $95,000
Cash invested: $10,000
Sale price: $162,000
Desirable duplex which I substantially renovated by myself while living there.. Always had one of the 2 units rented..
What made you interested in investing in this type of deal?
Solid investment which cut my cost of living substantially
How did you find this deal and how did you negotiate it?
Found the deal through a realtor and negotiated for seller concessions
How did you finance this deal?
Conventional financing
How did you add value to the deal?
Personally did significant renovations of all types including plumbing, window, drywall, kitchen and bath remodeling, ect..
What was the outcome?
Approximately $40K+ in profit and lowered cost of living