Buy and Hold Duplex

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Buy and Hold Duplex

Brandon Allenczy
Real Estate Agent · Hagerstown, MD · Member since 2019 · 161 posts · 121 votes

Investment Info:

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

Purchase price: $105,000
Cash invested: $35,000

Buy and hold duplex

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

MLS and offered price that gave me desired return.

How did you finance this deal?

Conventional 25% down

What was the outcome?

15% Cash on Cash return each year

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Andrew SyriosPro Member
Moderator
Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
3y

Well done Brandon, what do you think the ARV is?

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  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    3y

    Well done Brandon, what do you think the ARV is?

    Podcast Guest on Show #121
    1Reply
  • Matthew MorrowBusiness Member
    Investor · PA - NY - NJ · Member since 2019 · 904 posts · 318 votes
    3y

    15% COC is a great return for an on-market property. I see your liscened- was this a distressed asset listed for a while? We use that tactic quite a bit. Anything 60+ days eliminates most competition.

    Nicely done!

    [email protected]484-791-6200
    CORE Team | Realty ONE Group Supreme548 Reviews
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    1Reply
  • Brandon Allenczy
    OP
    Real Estate Agent · Hagerstown, MD · Member since 2019 · 161 posts · 121 votes
    3y

    Thanks @Andrew Syrios! When I bought it it appraised for $120K. So if I had to guess todays value it would probably be around $140K-$160K

    1Reply
  • Brandon Allenczy
    OP
    Real Estate Agent · Hagerstown, MD · Member since 2019 · 161 posts · 121 votes
    3y

    @Matthew Morrow I actually wasn’t licensed at the time, but basically, yes! I just searched for on market multi family that hadn’t moved in a while then just offered what got me the #s I was looking for. 

    0Reply
  • Matthew MorrowBusiness Member
    Investor · PA - NY - NJ · Member since 2019 · 904 posts · 318 votes
    3y
    Quote from @Brandon Allenczy:

    @Matthew Morrow I actually wasn’t licensed at the time, but basically, yes! I just searched for on market multi family that hadn’t moved in a while then just offered what got me the #s I was looking for. 


     Oh nice! Thats exactly the tactic we use and it works very well. 

    Youll love the BP premium- connect with so many fantastic people on here. Its by far the best ROI for working with investors.

    [email protected]484-791-6200
    CORE Team | Realty ONE Group Supreme548 Reviews
    WebsiteView Page
    0Reply
  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    3y
    Quote from @Brandon Allenczy:

    Thanks @Andrew Syrios! When I bought it it appraised for $120K. So if I had to guess todays value it would probably be around $140K-$160K


     Good deal, always nice to  have some equity. Well done Brandon!

    Podcast Guest on Show #121
    1Reply
  • Brandon Allenczy
    OP
    Real Estate Agent · Hagerstown, MD · Member since 2019 · 161 posts · 121 votes
    3y

    Thanks @Andrew Syrios! I was happy with it, especially as my first duplex that wasn’t a house hack. How are things in Kansas City?? 

    0Reply
  • Dmitriy Fomichenko
    Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    3y

    Nice! Congrats @Brandon Allenczy ! 

    0Reply
  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    3y
    Quote from @Brandon Allenczy:

    Thanks @Andrew Syrios! I was happy with it, especially as my first duplex that wasn’t a house hack. How are things in Kansas City?? 


     Sure thing and glad to hear. Things are going pretty well here although it's tough to buy in this interest rate environment.

    Podcast Guest on Show #121
    0Reply
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