GEMS in rural UTAH

[Shanea Fulks]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $155,000
Cash invested: $15,000

Quick purchase of Bungalow. Renting $1300 per month

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

There are not enough rentals in this area. We had 12 fully completed applicants when we posted the listing

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

MLS as I am a REALTOR

How did you finance this deal?

Conventional with Cash Down Payment

How did you add value to the deal?

Remodeled and made it look new and attractive to renters

What was the outcome?

12 Applicants, able to rent to the best most qualifies renter. They are stable and great tenants

Lessons learned? Challenges?

Do the work faster :) Everything took a lot longer than we imagined.

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

I was the Real Estate Professional. Shanea Fulks, Fathom Realty, 702-488-1349 Utah Home Girl