Small multi-family (2-4 units) buy & hold investment.
Purchase price: $210,000
Cash invested: $58,000
Just closed on my first duplex. Came with existing tenant that has been there for 3 years and was able to get the next tenant within the first week of closing. Woo Hoo!!
What made you interested in investing in this type of deal?
I like the idea of a duplex where having one side almost cover the entire cost so that a vacancy is not as costly.
How did you find this deal and how did you negotiate it?
Worked with a great local realtor who is very knowledgeable about rental Investments in the area.
How did you finance this deal?
Traditional 30 year mortgage.
Time to find more? I bet it is!
May you continue to be blessed!
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