Atlanta Furnished Rental

[Allison Butler]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $469,000
Cash invested: $28,000

This property is 4 bedroom and 3 baths. It is separated by a locked staircase. I rent the 3 bed 2 bath w/ carport upstairs and I rent the 1 bed 1 bath apartment downstairs. Both units have separate amenities including separate entrances and parking.

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

It is a hidden multifamily. I can rent out 2 units simultaneously.

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

Neighbor friend

How did you finance this deal?

Conventional loan

How did you add value to the deal?

Remodeled the basement apartment (kitchen and bathroom)

What was the outcome?

Been renting out since October 2022

Lessons learned? Challenges?

No, it was a pretty smooth deal and process.

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

Yes, I had a team in place (i.e. realtor, lender, and contractor).