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Updated about 3 years ago,
My 3rd Residential investment
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $175,000
Cash invested: $175,000
2BR 2Ba single family detached
What made you interested in investing in this type of deal?
Located in a great area
How did you find this deal and how did you negotiate it?
One of my customers asked if I wanted to buy it. I had been doing maintenance on the property for about 12 years
How did you finance this deal?
All cash
How did you add value to the deal?
I have performed $5000 in capital improvements
Lessons learned? Challenges?
Don't wait til you are 70 years old to buy investment property. Try and get an earlier start