2nd Rental added to portfolio

[Robert Eaddy]

Investment Info:

Single-family residence buy & hold investment in Santee.

Purchase price: $19,000
Cash invested: $6,800

Brick 4br 1.5 bath home on .58 acre lot within city limits

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

Low purchase price

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

MLS

How did you finance this deal?

Cash purchase using inheritance and 401k loan

How did you add value to the deal?

New flooring throughout, removed panel and added drywall, new paint throughout the house and new light fixtures, updated HVAC unit

What was the outcome?

Rental to along term tenant since 2014

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

Sandy Daniels of Orangeburg SC