Investment Property #2

[Isaac Jordan]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $600,000
Cash invested: $108,000

First SFR Buy/hold. Renting all inclusive fully furnished.

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

Unique property

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

MLS

How did you finance this deal?

Conventional

How did you add value to the deal?

Made repairs and renovated the home with modern finishes and furnishings.

What was the outcome?

Created more cash flow than anticipated.

Lessons learned? Challenges?

Know your exit and budget accordingly.

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

I represented myself but if I wasn't licensed I would work with someone who is an expert in your area and invests in real estate themselves. An agent who invests in properties will have a better understanding of what to look out for and be able to guide your better.