Tenant in Place Deal Found on MLS with Cash Flow

[Ryan Hoover]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $441,500
Cash invested: $114,000

Purchased the property off of the MLS with a tenant in place. Even though the past landlord was ready to move on and reinvest into some other asset, the rental was performing at market rents and had positive cash flow from day one. There is additional runway for a value add in the future as the inside of the property hasn't been renovated since the initial construction in 2004.

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

I was the Realtor representing and negotiating on my own behalf.

How did you finance this deal?

Conventional financing with 25% dwon