Full remodeled Duplex In Columbus OHIO

[Justin Frye]

Investment Info:

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

Purchase price: $165
Cash invested: $18,000

Full rehab on an Old Town East Duplex. Complete transformation from top to bottom

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

Location! Location! location!

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

Off market, And actually negotiated directly with seller on purchase price.

How did you finance this deal?

Private lender

How did you add value to the deal?

By completely renovating the entire house.

What was the outcome?

Getting over $3,000 in gross rents each month

Lessons learned? Challenges?

Use check lists and follow them! Also make-sure your contractors and you are on the same page from the start all the way to the finish.

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

No

[Robert Ellis]

Originally posted by @Justin Frye:

Investment Info:

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

Purchase price: $165
Cash invested: $18,000

Full rehab on an Old Town East Duplex. Complete transformation from top to bottom

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

Location! Location! location!

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

Off market, And actually negotiated directly with seller on purchase price.

How did you finance this deal?

Private lender

How did you add value to the deal?

By completely renovating the entire house.

What was the outcome?

Getting over $3,000 in gross rents each month

Lessons learned? Challenges?

Use check lists and follow them! Also make-sure your contractors and you are on the same page from the start all the way to the finish.

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

No

 Great job!