My First Rental Deal

[Douglas Gratz]

Investment Info:

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

Purchase price: $90
Cash invested: $15

Bought this duplex at auction for 90k. ARV was 250k! after 6 months I refinanced and took out 175k at 3.7%. Profited over 50k and cashflow 1200 a month!

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

Income producing

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

For-closure Auction

How did you finance this deal?

Cash

How did you add value to the deal?

Rehabbed

What was the outcome?

Bought this duplex at auction for 90k. ARV was 250k! after 6 months I refinanced and took out 175k at 3.7%. Profited over 50k and cashflow 1200 a month!