4th Street duplex - rented in 5 days to fully vetted tenants

[Chase Gruening]

Investment Info:

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

Purchase price: $127,000
Cash invested: $21,600

Purchased with 15% down on a commercial loan both sides rented within 5 days. Each side rents for $950 and $995. both units 3/2

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

Cash Flow and size of property with both units being 3 bedroom

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

was on market for a long time. listed at 150k then 140k. had contract for 135k and ended up appraising short and negotiated it down to 127,

How did you finance this deal?

15% down commercial loan at 4.75 20 year ballon

How did you add value to the deal?

Marketing, it was poorly marketed

What was the outcome?

rented in 5 days

Lessons learned? Challenges?

still more to come here. always learning

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

Dominic Campo and Matt Seman