Duplex across street from private college-seller financing

[Rodrigo Barrera]

Investment Info:

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

Purchase price: $380,000
Cash invested: $5,000

Newer construction Duplex across street from college rents total approx $4000/month

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

the gross rents, newer construction and seller financing

How did you finance this deal?

seller financing

What was the outcome?

rented for $4000/month total

Lessons learned? Challenges?

taxes are high but must plan for this