My third one to build to rent

[Lance Price]

Investment Info:

Single-family residence other investment.

Purchase price: $169,000

Build to rent, this my 3 one to build to rent.

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

This is the only way I can see someone with my skill set and limited cash can build a real estate portfolio and get out of the rat race.

How did you finance this deal?

I used a CD to secure the construction loan , then I built the home and rent the a home, and take it out the construction loan with a DSCR Loan. This allows me to release my CD to start the next home. I end up with 100% financing on the deal when I am done.

How did you add value to the deal?

Value was added by building the home.

What was the outcome?

I have a home with 60K of equity and a monthly cash flow of 100 per month.

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

no