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Updated over 3 years ago,
3/1 College rental duplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $127,000
Cash invested: $75,000
3/1 duplex in need of some major TLC. Electrical update, plumbing update, new roof, new windows, new HVAC, new parking area. 2 new kitchens and 2 new baths. Full reno completed Jun 7th and placed with a professional PM.
What made you interested in investing in this type of deal?
Small multi-family in an opportunity zone and near college
How did you find this deal and how did you negotiate it?
MLS. Negotiated down on price after inspection.
How did you finance this deal?
Conventional and Personal Loans
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
BluCurrent Credit Union.