Rental Portfolio of single family homes

[Hyrum Stonehocker]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $450,000
Cash invested: $160,000
Sale price: $525

7 single family homes and 1 duplex. Bought them as a package. Now selling individually.

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

Cash flow and forced equity.

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

Real Estate Agent.

How did you finance this deal?

Local bank

How did you add value to the deal?

Fixed them up ourselves

What was the outcome?

Still working on selling.

Lessons learned? Challenges?

Don't buy so many so fast! Buy one at a time that need less maintenance after fixing them. Better tenants. Buy cheaper and better location.

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

Love our real estate agent.