Small multi-family (2-4 units) buy & hold investment.
Purchase price: $284,000
Cash invested: $90,000
Purchased a duplex for house hacking purposes. Used proceeds from CA real estate appreciation.
What made you interested in investing in this type of deal?
Househacking! I needed a residence in the area, and this way I'm leveraged to reduce my monthly housing costs.
How did you find this deal and how did you negotiate it?
MLS with my agent. I needed a local to assist with relocation.
How did you finance this deal?
Conventional mortgage with down payment
How did you add value to the deal?
Unfinished basement. Updated features and floor planning. Landscaping.
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