Bought a Duplex in Columbus and doing MTR

[Claudia Buchegger]

Investment Info:

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

Purchase price: $375,000
Cash invested: $50,000

I bought a duplex in Columbus in 2024 for 375k and put some money into renovations to raise the value and do mid-term rentals. It has been a success and I am cash flowing over 2k per month doing mid-term rentals. I am holding onto this duplex for the long run, I believe it will appreciate in value over the next decade and cash flow even more in the future since Columbus is a growing city.

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

I want to build wealth and achieve financial freedom in the future.

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

I found this deal on the MLS.

How did you add value to the deal?

I did a renovation to increase the value and create a beautiful space to successfully do the mid-term rental strategy.

What was the outcome?

I am cash flowing over 2k per month and holding the property so that it appreciates in value.

Lessons learned? Challenges?

The mid-term rental strategy is amazing for cash flow and great tenants.

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

I am a realtor in Columbus, Ohio! I do have a team of people here that I can recommend for lenders, contractors, etc.