Getting started with an owner occupied duplex

[Ron Neal]

Investment Info:

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

Purchase price: $207,000
Cash invested: $10,000

This was the first home I bought. Use it as a buy and hold owner occupied duplex. This was my starter home.

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

I began this journey wanting to house hack with my Fiance.

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

I found this deal on the MLS and used a local Real estate agent

How did you finance this deal?

FHA loan

How did you add value to the deal?

I was not sure how to value a deal at this time

What was the outcome?

The outcome is that i have cut my monthly rent payment significantly, while investing in my own equity and having a tenant pay for more than half of the mortgage

Lessons learned? Challenges?

This drove me to understand more about real estate investing and seek out how to make more passive income.