Excellent home in Northwest Arkansas!

[Diane Higgins]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $375,000
Cash invested: $93,750

This is a lovely all brick home in an upscale neighborhood in East Fayetteville.

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

We have done property management for eight years and are in an area with a shortage of rental properties, so we are starting to invest in single and multi-family homes.

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

Our principal broker was selling some of his properties so we were able to buy it directly. He already had it priced under market so no need to negotiate!

How did you finance this deal?

We are getting an adjustable rate mortgage and paying 25% down.