Fix and rent in west tennessee

[Jay Shires]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $26,000
Cash invested: $30,000

Fix to rent. Currently rented for $1300

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

New builds across the street

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

Craigslist. Paid asking

How did you finance this deal?

Cash

How did you add value to the deal?

Added bathroom. Full gut to other bath. Updated kitchen. New flooring and paint.

What was the outcome?

Rented at a 2% rule now

Lessons learned? Challenges?

Multiple issues during rehab but long term is a great deal

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

Yes. Love my agent locally if in west tn