Minneapolis Duplex Rental Investment
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Minneapolis.
Purchase price: $185,000
Cash invested: $185,000
Duplex
What made you interested in investing in this type of deal?
Sold previous home, desire to have a rental property as an investment.
How did you find this deal and how did you negotiate it?
Browsed internet and listings sent by realtor. Offered a cash offer with quick closing (beat out other offers that needed financing).
How did you finance this deal?
Cash from Home Sale, Savings
How did you add value to the deal?
N/a
What was the outcome?
Solid Rental Income, a few minor maintenance issues but overall a good property.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Jordan Moorhead
