Townhome Rental - Great Cashflow!

[David Flores]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $160,000
Cash invested: $16,000

Townhome that needed some repairs that most buyers were scared about. Got it fixed for about 5k and now is rented and cash flowing great!

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

The financials

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

On MLS - Had issues that were resolvable

How did you finance this deal?

Bank

How did you add value to the deal?

Fixed up property

What was the outcome?

Rented now for 1600 a month

Lessons learned? Challenges?

Have contractors ready to go once you close