First short term property

[Jacob Ramey]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $160,000
Cash invested: $5,000
Sale price: $249,900

Double wide manufactured home 3 bed 2 bath converted into real property.

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

It was new construction, for a reasonable price. Knowing we wouldn't be at this property for long we decided this location is something another family would want to call home someday

How did you finance this deal?

Traditional mortgage

How did you add value to the deal?

Installing a fence, large shed, added AC, and some color throughout the interior of the property.