Updated 25 days ago on . Most recent reply
Duplex- selling it after 13 years of ownership
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $20,000
Cash invested: $90,000
Sale price: $250,000
Duplex for sale in great South Side Slopes location. Updated throughout. Great rental income with immediate cash flow. Current leases through Oct 25 and Feb 26.
What made you interested in investing in this type of deal?
Duplexes are great for cash flow or a superior house hack for new investors.
How did you find this deal and how did you negotiate it?
Bought off the MLS as a foreclosure.
How did you add value to the deal?
Many many updates have been made over the years of ownership. Added off street parking!
Lessons learned? Challenges?
Looking to switch things up and want to invest in out of state. This property will cash flow for you immediately.
Most Popular Reply
Thank you. We didn’t start until we were in our 40s. It’s admirable seeing so many young people getting started in their 20s and 30s. We put in a lot of sweat equity and still maintained a decent work life balance with our full time work and family. It’s certainly a journey! We feel that it’s one worth taking.