The Octagon in KCMO- Our First Duplex

[Chris Heichel]

Investment Info:

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

Purchase price: $160,000

The Octagon! Our first investment property. We purchased with the intention to buy and hold as a source of passive income.

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

We wanted a multi-family unit to be our first investment property.

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

I found the property on Redfin. It had been on the market for over 30 days which is a lifetime in this market!

How did you finance this deal?

We used a HELOC on our primary residence to fund the down payment