Gorgeous new Duplex in NE!
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Grand Rapids.
Purchase price: $160,000
Cash invested: $30,000
Duplex on a peaceful street in NE Grand Rapids. Rehabbing and renting the upstairs and living downstairs. Granite countertops, ripping up carpet and refinishing wood floors, New huge closets, W/D lines and new W/D units and it's on a beautiful half acre lot with awesome trees.
What made you interested in investing in this type of deal?
Building buy & hold rental portfolio.
How did you find this deal and how did you negotiate it?
It had been on the market for a while and was overlooked due to utilities not being split..
How did you finance this deal?
used private money and a home possible loan from The Treadstone mortgage company!
How did you add value to the deal?
Rehabbed the entire upstairs unit - floors, bathroom, countertops, paint, closets, windows, the works!
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
James Marshall is the best investor-style agent in Grand Rapids, MI.