Buy & Hold in Highlands Ranch

[Kayla Givens]

Investment Info:

Single-family residence buy & hold investment in Highlands Ranch.

Purchase price: $460,000
Cash invested: $12,000

Great investment for my buyers in the highly sought-after Highlands Ranch! We were able to get this property for $10k under asking and after a little renovation (updated kitchen & bathrooms), my buyers were able to rent this property out and are currently cash flowing over $500/mo!

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

My buyers wanted to find a property that was close to their primary residence so they could easily self-manage. Luckily for them, this property is less than half a mile from them!

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

This property was found on the MLS. We submitted our offer on Sunday and at that time, we were the only offer on the table.

How did you finance this deal?

My buyers brought 25% down and used a conventional loan

How did you add value to the deal?

My buyers updated the kitchen and bathrooms in the home prior to listing it for rent!

What was the outcome?

They listed the property on Zillow and within 24 hours they had MULTIPLE qualified applicants reaching out. They were able to rent the property out within the week and are cash flowing a little over $500/month.

Lessons learned? Challenges?

This transaction was super smooth - my buyers got everything they asked for on inspection, got the property for under asking, and walked away with a cash-flowing asset!