Second Real Estate Investment Deal

[Jayce Pedro]

Investment Info:

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

Purchase price: $280,000
Cash invested: $42,000

Duplex in Urbandale Iowa

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

Good cash flow

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

Sent out mailers to duplexes in the area

How did you finance this deal?

15% Down Conventional

What was the outcome?

Good cashflow and so far good tenants it is going well.

Lessons learned? Challenges?

Check about flood insurance prior to making an offer