My 2nd single family rental investment

[Gary Stringer]

Investment Info:

Single-family residence buy & hold investment in Myrtle Beach.

Purchase price: $120,000
Cash invested: $24,000

2 BR 1 Ba 1000 SF detached

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

Location and price

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

Driving around

How did you finance this deal?

20% down with conventioonal financing

How did you add value to the deal?

Made several improvements to the property including new replacement windows and HVAC replacement

What was the outcome?

I have since paid off the mortgage and now have $950/ Mo gross income