St Louis - Rental

[Kevin Perez]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $89,900
Cash invested: $2,500

Ended the year with one more property in St louis! invested a little more in bringing the property up and modernizing the home adding newer flooring. Property was definitely Turnkey when purchased only had to worry about repairs that came with STL re occupancy inspection

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

Very minimal Work needed to get it up and rented at a very good price

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

Realtor

How did you finance this deal?

Conventional

How did you add value to the deal?

Updating flooring renovating minor bits and pieces and renting it out

Lessons learned? Challenges?

Need to have a very obvious egress in basement to be consider a 4 bedroom