Inherited House turned into a long-term rental

[Joe Rivera]

Investment Info:

Single-family residence buy & hold investment.

We inherited this property in Dec 2021. We had it on the market for 6 months with no interest. We are taking it off the market and fixing it up to rent out long-term. We will be doing a long-distance rehab.

How did you finance this deal?

The estate is able to pay the low mortgage and other costs.

How did you add value to the deal?

We will be rehabbing the kitchen, and the bathrooms, new carpet, and new paint. The house needs a little TLC>

What was the outcome?

We will have another property to add to our portfolio for a few years.