Investment Info:
Small multi-family (2-4 units) commercial investment investment.
Purchase price: $665,000
Cash invested: $200
Sale price: $665,000
Its a Duplex 2bd1ba each unit, nice backyard and long driveway, situated in the Pattern neighborhood 5 minutes drive from Dimond/Laurel village. Its a centennial house Back Unit is smaller with Bedrooms up stairs, the living room walls are wooden with open kitchen!
What made you interested in investing in this type of deal?
Its potential to appreciate and sustainable Rental income in the long term and and current cash flow proceeds. In addition to comfort and confidence to manage close by and local knowledge.
How did you find this deal and how did you negotiate it?
I had a nice agent helping me out
What was the outcome?
It wasn’t as cash flowas I had expected and I feel likI could have done better
Lessons learned? Challenges?
I should have used templates and calculate using things like the dea analysis and offered a lower purchase offer, and negotiate better loan terms. How can I optimize my situation to be at least break even or, even is short term like air bnbs andvacasas reay good?
