Buy and Hold investment property

[Todd Knudson]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $153,000
Cash invested: $30,000

This 3-bed, 2.5-bath townhome in NW Houston spans 2,000 sqft and is surrounded by shopping, top-rated restaurants, and an outstanding park. Enjoy comfortable living in a convenient location with ample space for relaxation and entertaining.

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

I I invest in long term rental property. This was a good deal that I wanted to add to my portfolio. Had fair cash flow and price was good.

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

Working with a client selling and after the first deal fell apart the seller asked me if I would be interested in buying. After we discussed the terms, we both agreed.
Right place right time.

How did you finance this deal?

20% down 30 yrears with a 7 year arm. 6.25%

How did you add value to the deal?

Replaced carpet up and remodeled 2 bath. $15k

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am the agent