Investor · Branson, MO · Member since 2016 · 101 posts · 146 votes
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $30,000 Cash invested: $10,000
Purchased a duplex that had been vacant for two years.
Appraised at 51,000 at purchase. Borrowed another 10,000 for repairs.
Rented each side for $700 after finishing.
What made you interested in investing in this type of deal?
The value add opportunity.
How did you find this deal and how did you negotiate it?
Through a FSBO
How did you finance this deal?
community bank
How did you add value to the deal?
repaired foundation, new kitchens, bathrooms, floorings, paint