Purchase the cheapest home in the best area!

[Alex Jacobson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $700,000
Cash invested: $90,000

Single Family residence in a rapidly appreciating neighborhood. The cheapest home in the immediate area.

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

The price was excellent, the house had been on the market for 6 months.

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

MLS, negotiated directly with the seller not their agent.

How did you finance this deal?

MLS

How did you add value to the deal?

Finished the basement.

What was the outcome?

Great equity hold!