Third of Many to the Books

[Austin Grant McDowell]

Investment Info:

Single-family residence buy & hold investment in Spartanburg.

Purchase price: $90,000
Cash invested: $8,000

SFR LTR added due to location and value to have. This was off the market and had rapport with an agent that knew I was in the market to either Fix and Flip or Buy and Hold. Either way it worked out, my wife and I decided to Buy and Hold.

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

Location and potential ROI

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

An agent that I had a good relationship with.

How did you finance this deal?

Conventional Lending

How did you add value to the deal?

New HVAC unit.

What was the outcome?

Positive cash flow. Not the greatest of the ones we have but the location hasn't changed.

Lessons learned? Challenges?

Continue building relationships with anyone you can in real estate because it can for sure pay off for you.