Family home with an extra unit
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Colorado Springs.
Purchase price: $250,000
Seeking a fixer upper and glad we got it first day on the market, a bit of luck.
What made you interested in investing in this type of deal?
After getting married I looked for something more suitable than a townhome to raise kids. Found a great house that needed lots of TLC and nabbed it up first day on the market. Few years and lots of sweat equity later it's worth nearly double what I paid. It's two units and a great gem in a great neighborhood.
How did you find this deal and how did you negotiate it?
Local real estate agent
How did you finance this deal?
Other half of my VA loan
How did you add value to the deal?
Lots of sweat equity