Single Family Buy and Hold

[Michael J Shetler]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $425,000
Cash invested: $20,000

Purchased just before pandemic. Renovated kitchen and baths. Unusual property for the area but strong rent value.

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

I'm a real estate agent. Listed in MLS.

How did you finance this deal?

Conventional mortgage. 1031 exchange.

How did you add value to the deal?

Renovated kitchen and baths. Changed carpet to vinyl plank.

Lessons learned? Challenges?

Timing is everything.

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

I acted as real estate agent.