Solid 1950s Single Family

[Katie Konner]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $126,000
Cash invested: $20,000

3b/2b

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

Purchased right outside a hot market. Property as a 1,100 detached workshop and garage with 1/2 bath. Been renting it out since 2016. Now it's worth twice what I own.

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

I researched obsessively but found the deal cutting through a neighborhood to avoid a train. It happened to be located directly across from where Michael Scot was killed by an officer.

How did you finance this deal?

Traditional loan

How did you add value to the deal?

I haven't yet.

What was the outcome?

Will find out.