Small multi-family (2-4 units) buy & hold investment in Holly Ridge.
Purchase price: $320,000
Deeded (2) townhouse as one property and used VA funding. Live in one unit and renting the other.
What made you interested in investing in this type of deal?
Location and growing rental market.
How did you find this deal and how did you negotiate it?
My realtor brought it to me, offered asking price with some concessions.
How did you finance this deal?
How did you add value to the deal?
One unit renting for 1300 a month.
What was the outcome?
Currently living in one unit and renting out the other covering the majority of the mortgage.
Lessons learned? Challenges?
New constructions don't have everything you'd think they would and are slow to close.
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