Keep your eyes open as sometimes an amazing deal hits you in the face.

[Wala Habiby]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $151,125
Cash invested: $155,228

After my investors backed out of the deal. I decided to take it over and buy it for myself. Spent an extra $5000 on renovations. The property is now rented out and has built-in equity of $60-80K. The deal was found on MLS and I am very happy with the purchase.

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

The built in equity and the high rent vs the price that I knew I can get were my first reason. My second reason is the area growing and prices are expect to rise in the next 3 years because of large investment the city is making around this house.

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

Found the deal on the MLS and ended up taken it cash, As-Is with a few days to close.

How did you finance this deal?

Cash

How did you add value to the deal?

It took about $5000 for some repairs but overall it was a great property already.

What was the outcome?

I am keeping it as a long term rental.

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

The Wala Group is always ready to help future investors start their journey or grow their portfolio.