Purchased duplex to fix and flip but now considering holding it

[Genia Sanchez]

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $215,000
Cash invested: $60,000

I bought this property as a fix & flip, but now I am considering refinancing and keeping it and renting both units out.

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

I am a Realtor and was contacted to list the property and decided to purchase it as a FSBO.

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

I am a Realtor and was contacted to list the property and decided to purchase it as a FSBO, saving the seller listing fees allowing me to offer a lower price.

How did you finance this deal?

HML

How did you add value to the deal?

Complete remodel

What was the outcome?

Still in progress. 4 weeks left to completion

Lessons learned? Challenges?

I've learned how to prepare my proposed budget to better align with my draw request for the project.

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

Myself.