First duplex acquisition

[Dustin Harder]

Investment Info:

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

Purchase price: $270,000
Cash invested: $10,000

Buy and hold invest for a least 10 years to maximize OZ tax benefits.

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

Cash flow, 10% appreciation rate (historically), opportunity zone.

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

Researched several sub markets in Columbus. Development plans and projections seem promising in Franklinton.

How did you finance this deal?

5% conventional, owner occupant.

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

Remington Lyman

[Michael K Gallagher]

@Dustin Harder big congrats on the first one!  Remington is a great resource in the market.