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Updated over 3 years ago on . Most recent reply

Jean Meier's profile image
Jean Meier's profile image
Jean Meier
  • Investor
  • from Steilacoom, Washington
  • Member since Nov 16, 2016
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User Stats

7
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2
Votes
Jean Meier's profile image
Jean Meier's profile image
Jean Meier
  • Investor
  • from Steilacoom, Washington
  • Member since Nov 16, 2016
Connect
Jean Meier
  • Investor
  • Steilacoom, WA
2
Votes |
7
Posts
Real Estate Deal Analysis & Advice

Detroit area SFR Rental

Jean Meier
  • Investor
  • Steilacoom, WA
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $34,400

3 br, 1 bath SFR in Detroit, have had to do foundation repair in addition to normal maintenance.

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

Price was right

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

Real Estate training class

How did you finance this deal?

Paid cash

What was the outcome?

Good cash flow once we got a good property manager.

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