Updated about 2 years ago on . Most recent reply
First investment done the wrong way, moving on to next soon.
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $270,000
Cash invested: $24,000
Bought a duplex the wrong way but at least didn't put too much into it. Minor upgrades paid cash.
What made you interested in investing in this type of deal?
It's my first duplex before I heard of BRRRR.
How did you find this deal and how did you negotiate it?
With a realtor and met the 1% criteria in a safe neighborhood.
How did you finance this deal?
Conventional loan
How did you add value to the deal?
Minor upgrades
What was the outcome?
Cash Flow positive
Lessons learned? Challenges?
Starting my BRRRR method once I fully understand it.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
William Backes was excellent.