Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

12
Posts
1
Votes
Brandon Capelle
  • Real Estate Agent
  • Jordan, MN
1
Votes |
12
Posts

4 Identical duplexes all in a row.

Brandon Capelle
  • Real Estate Agent
  • Jordan, MN
Posted

Investment Info:

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

Purchase price: $385,000
Cash invested: $20,000

Purchased 3 additional identical duplexes to my previous investment which will make a total of 8 units, 4 duplexes, all next to each other.

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

The numbers and location made sense for this to be a great income producing buy & hold.

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

I found this deal because 1 of the 4 properties was owned by a different investor, they listed the property, I took a look and realized there was 3 more identical properties next door. Purchased the one on the market and then contacted the owner of the other 3.

How did you finance this deal?

Commercial lender.

How did you add value to the deal?

By bringing all 4 properties under one ownership. Currently we are adding value by taking care of deferred maintenance.

Loading replies...