Buy and Hold SFR inBroken Arrow

[Anthony Hill]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $110,000
Cash invested: $10,000
Sale price: $160,000

large corner lot, 3 bed, 2 bath, 2 car, very well maintained and clean, all appliance included, plank flooring, WB fireplace w/gas starter.

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

I am a Buy and Hold investor and I like the Broken Arrow area.

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

Agent. Financed the deal

How did you finance this deal?

Traditional mortgage

How did you add value to the deal?

New water heater, garage door, paint. cleared out a lot of over-grown brush from fence line, French drains, some new fixtures.

What was the outcome?

I held this house for 3 years and ended up selling it when the tenant moved out so that I can pool some money to move on to a bigger multifamily deal

Lessons learned? Challenges?

I had a great tenant at this house and I found great value in taking care of the tenant as he in turn took care of the property.