All Forum Posts by: Adam DeRousse
Adam DeRousse has started 2 posts and replied 2 times.
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $235,000
Cash invested: $39,000
Bought as a primary residence, once we moved out we have begun renting both sides. We originally hoped to rent as a mid term rental in a smaller town with a hospital, but the market quickly became oversaturated for the small demand so we decided to shift to long term rentals on both sides.
Investment Info:
Small multi-family (2-4 units) fix & flip investment in Duck Creek Village.
Purchase price: $145,000
Cash invested: $36,352
Sale price: $250,000
First property purchased to be a live in BRRR, ended up being a live in flip as we moved out of the area. Over about 2 years my wife and I did most of the handy work ourselves. From poopy sinks, to drywall, to flooring we dealt with a lot. We bought as a house hack, one unit rented as we lived in and fixed the other. Once the tenants moved out we fixed up their unit. We moved out and sold because we were hoping to escape the city.