Single Family Buy and hold

[Levi Flowers]

Investment Info:

Single-family residence buy & hold investment.

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

2 BR single family home

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

The deal

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

FB marketplace, it was being sold by a local govt agency so the deal was already cheap.

How did you finance this deal?

Cash

How did you add value to the deal?

Gutted inside, added stairs to connect basement, added BR downstairs, new bath and kitchen, new flooring, electric and water lines.

What was the outcome?

Currently rented

Lessons learned? Challenges?

Everything actually went smooth

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

Raya Hardy