1st Investment, Youngstown, OH

[Lori Williams]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $38,000
Cash invested: $40,000

SFH, 3 bdrm, 1 bath. Ceiling to floor rehab, new furnace, new windows, added central a/c. Rents for 1400.00

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

Retirement

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

MLS, through a realtor

How did you finance this deal?

Cash, then refi

How did you add value to the deal?

Ceiling to floor rehab

What was the outcome?

High demand when advertised

[Lori Williams]

Quote from @James Wise:

Niiice. Lots of opportunity out there in Youngstown.

 Mostly because people tend to overlook us and buy in Cleveland and Akron. That said, not every area of Ytown is a good buy, even if the prices are low.