Downtown NW Arkansas Charmer

[Ashley Carr-Lewis]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $270,000
Cash invested: $54,000

Cash flow: $400

Purchased off market and under market value.

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

This was a great property that I couldn't pass up.

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

Found this property off market and worked with seller to negotiate deal.

How did you finance this deal?

Through one of our HELOCs.

How did you add value to the deal?

Rehabbed bathroom and a bedroom.

What was the outcome?

GORGEOUS! The value of the property has reached nearly $50K in equity.

Lessons learned? Challenges?

Speak up.

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

Work with local bank, Arvest.