Investing in multi-family, duplex in College Station, Texas

[Kameron Yellin]

Investment Info:

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

Purchase price: $167,000
Cash invested: $20,000

BRRRR deal, VA house-hack.

Purchase:
Bought: 167k, CAD value 212k,
Repairs: 20k
ARV: 220-240k

Renovation: Updated floors from carpet to LVP, prime and paint, painted cabinets white, updated fixtures and appliances

Rents from: $615 per unit to $995.

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

Net-worth increase. House-hack. Retirement fund.

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

MLS, realtor

How did you finance this deal?

VA note, self funding for repairs.

How did you add value to the deal?

Forced appreciation, wedge deal.

What was the outcome?

Pending

Lessons learned? Challenges?

Not enough characters available... Everything from how to work with realtors, banks, contractors and PM's.

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

Yes. DM for details.