Fully renovated, cash-flowing rentals, 20% equity - only pay closing costs

[Mike Burns]

Investment Info:

Single-family residence buy & hold investment in Tuppers Plains.

Purchase price: $2,000,000
Cash invested: $84,000

Acquire 10 residential SFR's worth $2M with 0% down. Required to pay 4 points and third party costs for an average of $8,400 on $200K property.

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

ROI, little money out of pocket, equity day one.

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

I offer these deals

How did you finance this deal?

Private loan for acquisition and rehab, DSCR loan for end loan.

How did you add value to the deal?

Renovation

What was the outcome?

Net positive $316K day one, $3K in net cash-flow per month

Lessons learned? Challenges?

Can only do 10

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

Myself :)