Buy and Hold SFR with style

[Benjamin Hazlett]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $155,000
Cash invested: $38,000
Sale price: $155,000

The property fit our style and budget so we jumped on it. It already had some tasteful upgrades to include granite CT, marble flooring, and painted cabinets, we added a touch of Agreeable Gray paint and now its rented with a 2 year lease. The ROI ended up being 16%.

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

The ROI.

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

Realtor.com, with a real-estate agent

How did you finance this deal?

Conventional Loan 20% down.

How did you add value to the deal?

Painted the whole interior.

What was the outcome?

2 year lease with 16% ROI.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Lorie Canada with Remax