Duplex in Kentucky, new construction
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Nicholasville.
Purchase price: $167,000
Cash invested: $20,000
New construction duplex built 2005
What made you interested in investing in this type of deal?
The builder is a friend
How did you find this deal and how did you negotiate it?
Purchased it cost plus
How did you finance this deal?
conventional with no PMI
Lessons learned? Challenges?
Buying new is a good way to avoid headaches early on with minimal maintenance issues