Property number 5 in North West Arkansas

[Zachary Stanley]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $313,000
Cash invested: $33,000

Another great new build added to the portfolio. This home payment is around $2000 a month and rent comps are in the $2400-2500 range. The home also appraised for $401k which was great.

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

I knew this would be a great buy and hold home. We are cash flowing right off the bat so over a long term period of time this was a no brainer.

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

Found it off market. My wife works for DR Horton and knew this home was going to be built in a great area so we took advantage and locked it up as soon as possible before it hit the market.

How did you finance this deal?

Conventional 30 year.

How did you add value to the deal?

N/A

What was the outcome?

Cash flow from day one with a great new build in a great neighborhood.

Lessons learned? Challenges?

Keep buying even when others around you are not. If we folded to the trends the media wants us to believe we would still be siting on the sidelines waiting for rates to drop.

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

I am a realtor here and a local bigger pockets preferred agent so I used myself.