First Duplex Deal in Rhode Island- Buy and Hold

First Duplex Deal in Rhode Island- Buy and Hold

Providence, RI · Member since 2018 · 81 posts · 25 votes

Investment Info:

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

Large Townhouse style duplex.

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

Cashflow

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

Off market.

How did you finance this deal?

FHA

How did you add value to the deal?

Fixed foundation

What was the outcome?

Great deal.

Lessons learned? Challenges?

Hire great contractors.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Myself- I am a Realtor.

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  • Buy and Hold Investor · Cranston, RI · Member since 2013 · 1k+ posts · 1k+ votes
    4y

    Congratulations @Christopher Lynch

  • Providence, RI · Member since 2018 · 81 posts · 25 votes
    4y

    Thank you!

  • Rental Property Investor · East Providence, RI · Member since 2020 · 20 posts · 5 votes
    4y

    @Christopher Lynch Congrats! I've been concerned with finding good contractors in that area and one of my hesitations in jumping into my next deal.

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