Duplex Unit in Houston

[Simon Martinez]

Investment Info:

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

Purchase price: $160,000
Cash invested: $14,000

Duplex Property

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

Cash flow amount was there with minimal rehab.

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

MLS

How did you finance this deal?

Conventional through local credit union

How did you add value to the deal?

Added exterior security gate, painted exterior, purchased new ss appliances.

What was the outcome?

New appraisal came in at $235k