Huntsville AL new build SFR

[David Lutz]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $305,000

Single family home build in 2020

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

growing economy, population

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

connected to investor friendly RE Agent through another investor friend

How did you finance this deal?

conventional 25% down, used other financing for remaining 25% no personal cash in

How did you add value to the deal?

ran the numbers to identify the best area to buy based on taxes, growth, etc.

What was the outcome?

rented out for $2000 per month ~30 days after taking possession

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

Yes, feel free to PM me for referrals

[Michael S.]

I’m curious what zip code your property is located in.  Is it in Huntsville proper or one of the immediate surrounding areas?  For example, that was a great deal if you picked up a new build in the Lowe Mill area.