1st duplex in El Paso

[Abraham Kaplan]

Investment Info:

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

Purchase price: $130,000
Cash invested: $3,000

This is a duplex in El Paso TX. It was an owner financed deal. 10% down.

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

It was listed on Craigslist. I negotiated with the owner on the interest rate.

How did you add value to the deal?

I haven't done anything. It was a turnkey deal. The property was in excellent condition.