Louisiana Rental Potential

[Kendrick Done]

Investment Info:

Single-family residence other investment.

Currently for sale.
3Bed 1.5Bath 1823 sqft, Rent ready
Looking to sell by the end of November 2023

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

This deal was aquired when trying to please my ex wife. Now it's to be sold and equity put towards building multifamily properties in Texas.

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

I found this deal via realtor.com and had an excellent realtor to negotiate solid terms.

How did you finance this deal?

I financed this property using a VA loan

How did you add value to the deal?

Paying contractors to make minor repairs, and the market appreciating over the past year.

What was the outcome?

I managed to purchase the home with no money out of pocket apart for EMD, and walked away with 1200 at closing. In a year the market value made this home go from 175k in value to 237k and is selling for 230k

Lessons learned? Challenges?

Never purchase a property to please a spouse. My original plan was to purchase a quads in Texas using my VA loan, but didn't stick with my gut instinct and missed out on great deals.