Long term Rentalin coastal Carolina

[Paul O'Brien]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $80,000
Cash invested: $15,000

2 bed 2 bath 1k sqft lux rental unit in a high transiet population area

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

Sustained income source

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

Inside knowledge

How did you finance this deal?

15 yr loan and cash

How did you add value to the deal?

Complete renovation

What was the outcome?

Highest rental value by sqft for the area and is always rented

Lessons learned? Challenges?

Size and location aren’t the only factors to use when considering a property

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

None