Updated over 5 years ago on . Most recent reply
First Duplex Investment Property
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Fayetteville.
Purchase price: $125,000
Duplex community in a military saturated area close to a fitness center, Walmart, and other needs. Demand is high! All duplexes in this are are rented! Current rental rate could be increased on each side by at least $75! GAINS BABY!
What made you interested in investing in this type of deal?
More heads under one roof. 2/2 duplexes that were easily rentable spaces and in a military saturated community.
How did you find this deal and how did you negotiate it?
MLS notification/subscription set up by Five Pillars/Exp realty.
How did you finance this deal?
Conventional Loan 25% down
How did you add value to the deal?
Increased rent monthly from $575 to $650
What was the outcome?
Cash flow of $450
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Mark Horton- agent
