Another SFH Ready to Cash Flow

[Leighton Williams]

Investment Info:

Single-family residence buy & hold investment in Eastpointe.

Purchase price: $145,000
Cash invested: $15,500

Beautiful ranch home with 3 bedrooms and 1 bath. Spacious kitchen with plenty of cabinet and counter space with tile back splash. Fenced in back yard with 2-car garage and back porch.

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

Ability to use little out of pocket.

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

Presented by agent and negotiated for a day or two before pulling the trigger and getting it under contract.

How did you finance this deal?

Personal savings.

How did you add value to the deal?

Minor cosmetic and landscaping upgrades. Primary focus was cash flow.

What was the outcome?

Working on getting a tenant in place and cash flowing the property.

Lessons learned? Challenges?

Don't hesitate when a good house presents itself. Set the price that makes sense for you and your goals and get it done.

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

Fadi Dabaja Remax Leading Edge