One of the best duplex deals I have done.

[Garrett Hawk]

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

What was the outcome?

Very good