Getting Started is Always the Hardest Part...

[Leighton Williams]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $117,000
Cash invested: $11,000

3 Bedroom, 1 bath bungalow with many updates! Fenced in back yard!

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

Little money down and a great way to get started.

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

Researched and analyzed a market outside of my own. Developed a team with boots on the ground, and eventually met face to face with them in order to see the area for myself.

How did you finance this deal?

Personal savings.

How did you add value to the deal?

Minor cosmetic items will be done prior to tenant moving in.

What was the outcome?

Waiting to be seen. Plan is to get a tenant in ASAP and cash flow the property.

Lessons learned? Challenges?

I'm sure there will be many, but new challenges means I'm moving forward.

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

Absolutely! Can't do this all on your own. Reach out if you're looking to get connected with great folks in Michigan!