First investment property
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $139,900
Cash invested: $14,000
Duplex and property #1
What made you interested in investing in this type of deal?
Duplex that was reasonably priced and in good condition
How did you find this deal and how did you negotiate it?
Through a big box wholesaling company
How did you finance this deal?
Hard money loan
How did you add value to the deal?
Still in the process, but going to rehab and also raise rents to market value
What was the outcome?
Tbd
Lessons learned? Challenges?
Closing does not always happen as scheduled
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
After rehab, I'll determine if I recommend