Updated over 6 years ago on . Most recent reply
First buy and hold purchase, Saint Paul, MN Duplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Saint Paul.
Purchase price: $165,000
Cash invested: $45,000
What made you interested in investing in this type of deal?
Class C Property with lower than market rents, in good shape for older place
How did you find this deal and how did you negotiate it?
Realtor
How did you finance this deal?
Conventional Financing
How did you add value to the deal?
Increased Rents, new washer and drier, tenants pay electric
What was the outcome?
Property cashflows $100+ per door
Lessons learned? Challenges?
Conventional financing can be a tedious process for the first time on an investment property