430 S Rhyne Street a 2 unit duplex unit
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Charlotte.
Purchase price: $71,500
Cash invested: $23,000
Two single family homes on one parcel.
What made you interested in investing in this type of deal?
Good price with little vacancy, tenants have been in the units +30 years
How did you find this deal and how did you negotiate it?
Via Realtor
How did you finance this deal?
Conventional Bank Loan with 25% loan
How did you add value to the deal?
I brouhgt in a partner for the down payment to get him familiar with how the rental properties work and he can get interested in future deals.