Buy and Hold

[Anthony Hill]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $109,500
Cash invested: $10,000
Sale price: $132,500

SFR 4 bed 2 bath 2 car garage. Held this as a rental for almost 3 years. It was a steady income producing property. Sold this during a good time in the market to pool some capital to move on to a bigger deal.

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

Interested in holding long-term income producing properties.

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

Broker

How did you finance this deal?

Traditional financing

How did you add value to the deal?

Rehabbed.

What was the outcome?

Sold for a profit

Lessons learned? Challenges?

I should have never sold this property.