Third Buy and Hold Rental

[Taylor Umphlett]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $32,500
Cash invested: $32,500

Two bed one bath shotgun house. Previous owner had installed a new roof and new siding. Tenant has been in the house for 50 years.

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

Price was the biggest motivator on this one.

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

I found this looking through Realtor on the internet

How did you finance this deal?

I purchased this house all cash. I refinanced a year and got all my money back.

How did you add value to the deal?

I looked at the recent repairs/updates and the asking price.