Updated about 7 years ago on . Most recent reply
Our first Investment Build
Investment Info:
Small multi-family (2-4 units) other investment.
This was our first actual attempt at investing using our building method of no money down. We designed it to be a duplex but started rented out the entire home first until we saved enough money to convert it into a duplex.
How did you find this deal and how did you negotiate it?
We got a great deal on this piece of land. It was a problem lot that no one wanted because there was a large hill that restricted the building area and that required a retaining wall at the bottom and a slope stability report. Thankfully with our background in architecture we were able to figure out a design that maximized our ROI.
How did you finance this deal?
Auto Construction Loan from a local credit union
How did you add value to the deal?
By converting it into a duplex
