Columbus Ohio cash out refi duplex purchase

[Trent Ecklar]

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