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Updated over 2 years ago,
Single Family Home Rental helps pay for kids College
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $55,000
Cash invested: $30,000
Sale price: $177,000
Single family home 3/1.5/2 about 935 sq. feet.
How did you find this deal and how did you negotiate it?
For sale by owner
How did you finance this deal?
Owner Finance
How did you add value to the deal?
cleaned up and updated kitchen, baths.
What was the outcome?
Rented for years, did a cash out refi twice to pay for our children's college then sold in 2021 since the market was so good.
Lessons learned? Challenges?
That everyone does not take care of your home like you like but you have to move on.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
no