Single-family to Duplex build
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $215,000
Cash invested: $8,000
Purchased as single family but due to deteriorating will be demoing and rebuilding with duplex.
What made you interested in investing in this type of deal?
Condition of home.
How did you find this deal and how did you negotiate it?
On Zillow
How did you finance this deal?
VA Home Loan
How did you add value to the deal?
N/A
What was the outcome?
Pending demo to replace with duplex
Lessons learned? Challenges?
Understand inspection reports and ask a lot of questions.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
N/A