Fix and hold rental

[William Goodlett]

Investment Info:

Single-family residence buy & hold investment in Lexington.

Purchase price: $2,500
Cash invested: $14,000

Renting this home and 301 for $800-$900 a month.

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

It’s in the middle of a city and close to a main interstate.

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

On Zillow

How did you finance this deal?

Cash and credit cards

How did you add value to the deal?

It was bad so everything had to be touched

What was the outcome?

Rented the home at 301 for $800 and will rent 307 for $900-$925

Lessons learned? Challenges?

Let Zillow do your back ground checks and income verification

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

No