Single Family Buy and hold

[Levi Flowers]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $7,000
Cash invested: $10,000

Single family 2 BR

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

Cheap price

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

Realtor.com... The lady was selling her deceased fathers house and the price was low enough that not much negotiation was needed.

How did you finance this deal?

Cash

How did you add value to the deal?

Gutted entire house, New floors, walls, kitchen, bathroom, gutters, water and electric lines, front porch.

What was the outcome?

Currently rented

Lessons learned? Challenges?

Flood zones suck, and cheap labor is not worth it