I purchased into a Family Duplex
Investment Info:
Small multi-family (2-4 units) other investment in Solana Beach.
Purchase price: $905,765
Cash invested: $10,000
Family Duplex purchased in early 70's, I'm currently the property manager.
What made you interested in investing in this type of deal?
Entering into the family business
How did you find this deal and how did you negotiate it?
I bought into a family investment
How did you finance this deal?
cash
How did you add value to the deal?
rent stabilization
What was the outcome?
increased rents and higher tenant quality
Lessons learned? Challenges?
all of the issues that come with being a new property manager
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
not yet
