4405 W Sarah Street, Burbank, CA 91505

[Christopher Stevens]

Investment Info:

Condo buy & hold investment.

Purchase price: $385,000
Cash invested: $60,000

Burbank property

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

It was my wife's property, and we decided that once we bought our home together, we'd rent this property.

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

My wife purchased this home.

How did you finance this deal?

30-year

How did you add value to the deal?

Flooring, new bathrooms, new kitchen.

What was the outcome?

Rents have skyrocketed over the past 10+ years, especially in the Burbank area. Keeping this property was one of the best decisions we made due to its increased equity and high cash flow from high rents.

Lessons learned? Challenges?

The longer you keep a property, the greater the returns. Buy and hold works!

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

Yes, my wife did when she purchased this property.