This was our first property in Macon, GA, acquired in February 2021. It is a long-term rental quadplex featuring townhome-style units in East Macon. The purchase was funded through personal loans, which were later refinanced to pay off the debt. Securing the property required an aggressive cash offer, including a $10,000 escrow deposit and a 3-day due diligence period. The units were in good condition at the time of purchase, with the seller having completed light upgrades.

Post-acquisition, our primary focus was on enhancing the property’s curb appeal and aligning rents with market rates. The original lease agreements ranged from $400 to $600 per unit. Capital improvements were made gradually as units became vacant or required updates. As this is affordable housing, and rents in the area do not support high-end finishes, we have kept the units affordable yet appealing, functional, and safe.

This property demonstrated that buying and holding is one of the best ways to build wealth. When purchased strategically based on anticipated changes, the market will eventually catch up. At the time of purchase, the property appraised at $125,000, slightly below the all-in cost after initial repairs. By November 2024, its value had risen significantly to $263,000, allowing us to fully recover our capital investment and realize additional returns within just three years of ownership.