Investment property in Milford DE

[Jacob Martinez]

Investment Info:

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

Purchase price: $195,000
Cash invested: $55,000

Side by side duplex

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

Duplex with good cash flow that needs very little repairs.

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

Zillow

How did you finance this deal?

Conventional

How did you add value to the deal?

Purchased with tenants. Leases are month to month once they leave I can freshen up and bring rents to market value.

What was the outcome?

Purchased

Lessons learned? Challenges?

Be a little more proactive on finding out how tenants where previously paying rent and contacting them and setting up new arrangements.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes