The Investment that got me hooked

[Ken Krueger]

Investment Info:

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

Purchase price: $147,000
Cash invested: $3,000

upper/lower duplex with a seperate single family home on the back of the property where I live.

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

The best part of this deal is I get paid to live there.

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

I just happened to drive by this property one day. I was looking to buy a single family home for myself at the time but this peaked my interest. There wasn't much negotiation as I had no idea what I was doing.

How did you finance this deal?

FHA

How did you add value to the deal?

I have done repairs and updating to the property since purchasing it and increased rents from 525 and 575 to 950 and 700.

Lessons learned? Challenges?

I learned that I need to buy more! And to do your research on any tenants your letting stay in a property your purchasing.