Single family long term rental

[Michael Miner]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $36,000
Cash invested: $2,500

Single family rental

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

It was a great neighborhood and the rehab was minimal

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

word of mouth

How did you finance this deal?

hard money

What was the outcome?

I was able to secure the property and have held onto it as a long term rental. Since this purchase the values in the area have risen to over $150,000 so this was a great equity purchase.

Lessons learned? Challenges?

This was a great pick up. I bought several in this area over the years.