Owner Occupied Duplex

[Jordyn Moreno]

Investment Info:

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

Purchase price: $295,000
Cash invested: $17,000

4 bed 2 bath shared backyard duplex with one garage space per unit.

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

I wanted to purchase my first property and get into real estate investing. I figured the best opportunity would be purchasing an owner occupied investment. I would be able to benefit from the low interest on owner occupied loans.

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

I was lucky enough to already be living in the property and purchased the unit from my landlord. We negotiated the contract off market and kept the home off MLS. Being a realtor I ran the comps and she used an outside realtor to do the same.

How did you finance this deal?

It was financed as an FHA loan