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Updated over 5 years ago on . Most recent reply

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171
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Wesley Whitehead
  • Rental Property Investor
  • Depends on where my employer sends me
141
Votes |
171
Posts

Turnkey Duplex in OK

Wesley Whitehead
  • Rental Property Investor
  • Depends on where my employer sends me
Posted

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Midwest City.

Purchase price: $93,000
Cash invested: $27,900

1st property that I purchased from a turn key provider

What made you interested in investing in this type of deal?

Just wanted to get into the fold and this deal seemed ideal for a novice like myself

How did you find this deal and how did you negotiate it?

Found this through a Podcast I was listening to

How did you finance this deal?

Conventional

How did you add value to the deal?

Haven't added any value

What was the outcome?

Passive cashflow

Lessons learned? Challenges?

Great idea but it would take over a decade to hit my FI goals using this strategy

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Aaron Chapman @ Security National Mortgage
Ruth Vera @ T&J Property Management
Alyssa Dyer @ Table Investments

  • Wesley Whitehead
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