Cash Cow #11 Class D

[Alexis Fentress]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $70,000
Cash invested: $360

Purchase price $70,000
Mortgage, Taxes, Insurance, PM ~$800
Expected Rent $1,500
🤑Cash Flow ~$700

I found the deal on the MLS, funded with my HELOC, and eventually will refinance into a long term fixed rate mortgage.

At the time I was up against multiple offers, but because of some issues with the house having a lien against it, (which we didn’t find out until it was closing time) my agent was able to negotiate a price reduction.

There’s plenty of room for interest rate inflation, and the property didn’t need any renovating/fixes. I just have to move some furniture out ($360) that I will sell (+$800).

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

The cash flow.

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

It was listed and my realtor represented me.