Updated over 7 years ago on . Most recent reply
- Real Estate Broker
- Columbus, OH
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Completed Duplex Reno & Resale
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Dayton.
Purchase price: $10,000
Cash invested: $17,000
This is one of our last personal holdings in the Dayton market. We're freeing up some capital for future projects. We'll execute a 1031 on this one. It was structured as a purchase money mortgage with $10k down...so it paid for itself until now. We completed a $17k reno prior to resale. A $73k sale price puts us at a healthy ROI...time to move on to another project.
How did you find this deal and how did you negotiate it?
Off-market
How did you finance this deal?
Purchase money mortgage (Seller-carried loan)
How did you add value to the deal?
Renovation completed
- Brandon Sturgill
- 937-979-7000
