Buy & Hold Investment

[Devontae Houston]

Investment Info:

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

Purchase price: $87,900
Cash invested: $6,400

Duplex In Jackson, Michigan

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

I started my investment journey by house hacking a duplex. Listening to the bigger pockets podcast motivated me to get into rental property investing. I was able to cover my mortgage payment by renting out the other unit.

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

I used a real estate agent

How did you finance this deal?

FHA Loan

How did you add value to the deal?

I added value by improving my unit while living in it

What was the outcome?

My wife and I have bought a new personal residence and are gearing up to rent the unit we were living in.