My start in rental properties: Southside duplex.

Investment Info:

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

Purchase price: $135,000
Cash invested: $10,000

Duplex, that needs a little updating and TLC.

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

I want to startr out small and build my way up. I can see the neighborhood turning around and I feel that the property value will rise significantly soon.

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

Raltor.com. I used standard negotiating procedures.

How did you add value to the deal?

Installation of new air conditioning systems, painted second floor, resurfaced floors on second floor. I plan to update electrical and plumbing.

Lessons learned? Challenges?

Challenged by the vast amount of upgrades this place needs. I have learned to be patient and take it one step at a time.