Single Family Deal

[Stephan Richards]

Investment Info:

Single-family residence buy & hold investment in Devils Elbow.

Purchase price: $218,000
Cash invested: $218,000

Single Family tenant occupied. Purchased, fixed up and rented.

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

I used a real estate Broker

How did you finance this deal?

Refinanced another free and clear property for the funds to acquire this property

How did you add value to the deal?

did new plumbing and painting

Lessons learned? Challenges?

Single family deals are ok, your tenants pay for the water, grass cutting and most of utilities.