First Duplex Deal Complete!
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $129,900
Cash invested: $40,000
This is our first duplex purchase. We put 20% down and are currently renovating one side. The other side is currently rented at $820/month.
What made you interested in investing in this type of deal?
It's price, proximity to my home and that it is a multi-family property.
How did you find this deal and how did you negotiate it?
I found it through Zillow a day after it was listed and contacted and agent immediately.
How did you finance this deal?
25% down with a 20 mortgage
How did you add value to the deal?
We are currently renovating the vacant side of the duplex with new windows, new bathroom, new kitchen and basic cleanup.