Updated about 3 years ago on . Most recent reply
Duplex with Tenants Already in Place
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $215,000
Cash invested: $25,000
Huge Duplex. Both units leased with long term tenants & under new contracts who will continue to stay under new ownership.
What made you interested in investing in this type of deal?
Time for a multifamily in the portfolio
How did you find this deal and how did you negotiate it?
Found it through MLS and agent got right on it.
How did you finance this deal?
Seller Finance
How did you add value to the deal?
Minor repairs
What was the outcome?
Added two instant cash flowing units to the portfolio.
Lessons learned? Challenges?
Deals are there to be had. Develop a strategy, analyze it, refine it, repeat.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
My main man in Michigan. Get with me for his info!
