My Duplex (first investment)

[Matt Hanson]

Investment Info:

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

Purchase price: $31,000
Cash invested: $6,000

Duplex, I live in one half and am still working on upstairs. I am totally redoing the upstairs and it is taking much longer than I thought.

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

Living for free and moving out of my parents house

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

zillow and I just gave them what they wanted

How did you finance this deal?

straight cash homie

How did you add value to the deal?

remodeled downstairs and currently remodeling upstairs

What was the outcome?

I live here and still working

Lessons learned? Challenges?

remodeling alone takes much longer when you work full time and can only work on the place on weekends

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

Mike Nowack