Small multi-family (2-4 units) buy & hold investment in Nicholasville.
Purchase price: $167,000
Cash invested: $20,000
New construction duplex built 2005
What made you interested in investing in this type of deal?
The builder is a friend
How did you find this deal and how did you negotiate it?
Purchased it cost plus
How did you finance this deal?
conventional with no PMI
Lessons learned? Challenges?
Buying new is a good way to avoid headaches early on with minimal maintenance issues
@Mark Tittle i take it you built/bought it in 2006 ?
How was the cashflow at the beginning and I would assume it has improved sincz then ?
I like the idea also to build new as it would decrease maintenance issues (and i hate fixing old krap) lol
@Mark Tittle thanks for sharing!
Free eBook from BiggerPockets!
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.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you