2nd Buy and Hold

[Vadim F.]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $85,000
Cash invested: $21,750

SFH turnkey property with high potential for gentrification in the area

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

Location has high potential for gentrification in near future

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

MLS

How did you finance this deal?

DSCR loan

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

My agent who is also my PM.

[Vadim F.]

Quote from @Logan Laperriere:

Congratulations on your 2nd property purchase. DSCR loans are a great tool for investors. What is your monthly cash flow on this property? and where is it located?

Monthly cash flow will be around $400 after PITI and putting away funds for capex, maintenance, vacancy and pm fee. This is in Cleveland.