Updated almost 5 years ago on .
Columbus Ohio cash out refi duplex purchase
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Columbus.
Purchase price: $89,000
Sale price: $129,500
Cash out refi duplex purchase, one year later, 1031ed into an 18 unit
What made you interested in investing in this type of deal?
Was searching for two duplex purchases from cash out refi on a duplex cash purchase in 2018
How did you find this deal and how did you negotiate it?
MLS
How did you finance this deal?
Local lender - Perpetual Federal Savings Bank
What was the outcome?
Purchased for $89K sold for $130K, 1031ed profit in 18 unit
Lessons learned? Challenges?
It's okay to sell in order to scale
