Halfway House Investment

[Brent Wood]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $235,000
Cash invested: $35,000

Purchased my first rental property and turned it into a halfway house.

Making a few bucks AND changing lives along the way!

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

I have been wanting to open a halfway house for almost 4 years now and finally found a property that made sense to actually do it.

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

Originally I found the deal through a fellow realtor and tried to purchase it via seller financing at first. But then moved into a typical 30 year.

How did you finance this deal?

30 year investment loan

Lessons learned? Challenges?

Deal with a very unruly seller, who always feels like we are out to get him or take advantage of him. So that was extremely difficult and honestly annoying at some points.