Real Estate gets Better with Time!

[Brandon Andreola]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $85,000
Cash invested: $18,000

Contributors:
Shelby Osborne

Hosuehack/Value add to now cashflowing at just under the 2% rule!

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

Was looking for something I could create some equity in as well as off-set my cost of living by covering mortgage. No good multifamily at the time so a value add househack that would cashflow seemed like the best alternative!

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

It was an off-market deal, my super well connected agent at the time hooked me up. We jumped on the opportunity and got it under contract.

How did you finance this deal?

VA loan- $0 down

How did you add value to the deal?

Did some small updating, painted and added new flooring. Everything was very outdated. Just needed some attention.

What was the outcome?

Got the deal and 2500 towards closing costs.

Lessons learned? Challenges?

Find an agent that understands investing and is well connected in the industry!

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

Shelby Osborne, Five Pillars Realty Group.