Small multi-family (2-4 units) buy & hold investment.
Purchase price: $267,000
Cash invested: $5,000
Beautiful Duplex in a single family neighborhood.
What made you interested in investing in this type of deal?
Somewhere I could live and do short term rentals. Quiet neighborhood.
How did you find this deal and how did you negotiate it?
Open house! By luck!
How did you finance this deal?
How did you add value to the deal?
The plan is to add an additional bathroom in the basement to make it a 3 bath home.
What was the outcome?
It is a work in progress.
Lessons learned? Challenges?
Never give up.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes Province mortgage out of East Providence RI.
@Stafford Lewis congratulations on taking action on this property!
The nice thing about a live-in (house hack) rehab is that you can take your time, learn a lot, and really keep watch over the project (adding the basement bathroom in this case).
Free eBook from BiggerPockets!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you