League City SFH added to our growing portfolio!

[Karl McGarvey]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $235,000
Cash invested: $23,500

Contributors:
Holly Kaufman

Real estate is ALL about relationships, and this transaction is proof of that. A close friend is offloading his portfolio of eight properties. Our original intent was to package four of them into one owner finance deal that would help him have passive income for the next 10 years, however when we could not come to terms on the details of the deal, we pivoted and found a private lender who we also had a relationship with, for one of the properties and negotiated a price under market value.

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

We are positioning ourselves for long term appreciation in an area that is continuing to grow with no shortage of jobs and industry.

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

Found it through established relationships and networking. Negotiated it ourselves since we are licensed real estate agents.

How did you finance this deal?

Private Lending.

How did you add value to the deal?

Negotiated a price under market value and will raise rents to market value when the current lease expires.