Lifting the distressed duplex to meet single family comps was a $150-200k project (plus the purchase).

If we have the ability in the next 3 years we would like to try and purchase a second home to flip and build our wealth.

I had a tenant give the proper 30 day notice that they will be terminating the lease because they will be purchasing a home.

Purchase price: $200,000 Sale price: $233,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Amonte Miller, successfully completed a deal on Dolphin Road, Titusville, FL.

We purchased the home on 11/24/2021 for $200,450, invested $16,000 in renovations, and sold it for $319,000 on 7/8/2022.

@Karolina Powell - When touring multifamily properties I would suggest you be conscious of the following: - As Alecia indicated... make sure you understand how utilities are set up (individually metered, etc..)- View the general condition of each unit.

Without knowing how much of the renovations you were planning on doing yourself over time versus how much you were wanting/needing to finance up front, you would also want to talk with potential lenders about what loan products they have which could incorporate both the purchase price as well as the reno costs into the loan package.Hope this info helps get you pointed in the right direction - definitely keep us updated as you move forward with this project though!

I own two duplexes in SW FL that I purchased with conventional financing.

In contract to purchase a CFD in MO.

Purchase price: $200,000 Cash invested: $27,495 Sale price: $306,340 This project was a very interesting one!