My first investment of many

[Seth Kelley]

Investment Info:

Single-family residence buy & hold investment in Greenwood.

Purchase price: $25,000
Cash invested: $500

Single family 1910 built home. 2 bed 1 bath

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

Passive income

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

Family member looking to sell

How did you finance this deal?

Cash from private deal leading to refinance

How did you add value to the deal?

Sweat equity! Yard improvement, paint, light fixtures, floor restoration, repaired fence

What was the outcome?

Looks great

Lessons learned? Challenges?

1st time… simply time consuming due to learning along the way

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

No