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Thomas Hudak
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Duplex - Baltimore City

Thomas Hudak
Posted Oct 15 2021, 17:25

Investment Info:

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

Purchase price: $50,000

Purchased an off-market duplex Baltimore City - October 2017. Acquisition price $50K. Put approximately $10K into the deal. I financed 85% with a commercial note and used an unsecured credit line to fund the closing and light rehab. At the time, it only appraised for 52K. However, I did not run away from the deal. I was able to rent both units out at $695. The high cash-flow more than offset the lack of equity.

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

High Cash-Flow.

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

Networking/Marketing

How did you finance this deal?

Commercial Loan and Credit Line

How did you add value to the deal?

Basic Cosmetic Rehab

What was the outcome?

High Cashflow

Lessons learned? Challenges?

Overall, this was a very smooth transaction

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