duplex in Browns point

[Patrick Calcote]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $549,000
Cash invested: $165,000
Sale price: $549,000

2 bed/1 bath- 3 bed/2 bath duplex

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

2 checks vs 1, time to step up from single family homes, cannot buy two homes for this price.

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

Good Agent.

How did you finance this deal?

HELOC, mortgage.

How did you add value to the deal?

demanded an inspection, required a new roof, foundation work and mold removal.

What was the outcome?

Got all I asked for.

Lessons learned? Challenges?

Be patient for the market to show opportunities.

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

yes.