509 Draco Drive property

[Jayden Hamilton]

Investment Info:

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

Purchase price: $144,000
Cash invested: $29,000

Purchased this duplex with 20% down, 25-year term, and 4.250% Interest. Both Units have tenants paying rent.

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

Cashflow, nice property, 2 units paying rent, nice area, grow my network.

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

The agent contacted me. Negotiated through the dual agency agreement with the agent I was using.

How did you finance this deal?

20% down using liquid cash I had in my savings account

How did you add value to the deal?

I just purchased property not long ago, haven't done much to it yet. I did increase the rents, which would increase the value of the property.

What was the outcome?

Great, closed in 30 days and tenants paid their first month's rent to me correctly and on time. Hopefully, it stays that way.

Lessons learned? Challenges?

N/A

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

Yes