35 Green Leaf Terrace, Stafford, VA 22556

[Denisa Rosenbergerová]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $440,000
Cash invested: $17,000

Bought as a primary residence, now kids are grown up so currently renting basement and Mother in Law suit. Living in the unit and keeping two rooms available for our guests, eventually planning to downsize with my spouse and rent out the whole house.

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

Budget, Great Deal, Fast growing area, Location.

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

Zillow, we got a great deal, full closing cost paid by seller + 10k credit for (outdated AC unit, which actually "died" 2 years later.

How did you finance this deal?

Conventional Loan

How did you add value to the deal?

Some renovations, planning to do more down the road.

What was the outcome?

We were able to rent out the whole basement and Mother in law suite resulting having our mortgage covered and still living very comfortably.

Lessons learned? Challenges?

Always count on possibility that outdated appliances will break down within the first year of purchase. Expect unexpected, such as hidden plumbing issues etc.

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

She is great! Currently serving DC, VA, MD and FL, Daniela Hurtado Villa