Long Term Value Add Rental

[Grayson Warren]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $87,000
Cash invested: $13,000

A value add, long term rental in an area that is slowly being gentrified.

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

Retirement strategy.

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

On Market deal.

How did you finance this deal?

Conventional + Construction loan for the reno.

How did you add value to the deal?

Put about 40K into it.

What was the outcome?

added about 60K of equity

Lessons learned? Challenges?

I need to outsource more work than doing it DIY

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Oscar Flores.