Updated over 4 years ago on .
Duplex and commercial office
Investment Info:
Small multi-family (2-4 units) commercial investment investment in Tyler.
Purchase price: $320,000
Cash invested: $50,000
A 1 Bedroom apartment and 3 Bedroom two bath duplex plus commercial office building
What made you interested in investing in this type of deal?
Long term appreciation duplex for 2 and commercial office for my tax and investment business
How did you find this deal and how did you negotiate it?
It was across street from where I was renting for several years and when it became available I negotiated with the real estate agent
How did you finance this deal?
Traditional Bank Finance
How did you add value to the deal?
I have remodeled office and duplex and upped the rents
What was the outcome?
Still own going to refinance since property now worth 600000 and I owe 130000 and take the money and do either passive or GP on some more deals
Lessons learned? Challenges?
It just reinforced what I have known all my life real estate is great investment