Saint Paul Duplex 2 Bedroom

3 Replies

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $140,000
Cash invested: $28,000

Each side is a 2 bed / 1 bathroom unit. Shared washer and dryer

What made you interested in investing in this type of deal?

The ability to cash flow on day 1

How did you find this deal and how did you negotiate it?

Found a trusted realtor and had my sister-in-law to view the properties

How did you finance this deal?

Traditional bank financing

How did you add value to the deal?

Added wash and dryer

What was the outcome?

Higher rents and better tenants

Lessons learned? Challenges?

Make sure the area you are looking in is good for renting

We did not do anything to the property before renting it out. The units each rent for $950. So far, we had to replace a wash/dryer and build a shed in the back to store the lawn mower.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • 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.

We hate spam just as much as you