A second house on my way to 1000 houses

[Vitalii Lunko]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $31,000
Cash invested: $61,000

BRRRR property

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

Undervalued

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

Off-market, signed right away, to make sure seller won't change his mind

How did you finance this deal?

Cash and DSCR after

How did you add value to the deal?

Replaced almost everything

What was the outcome?

As expected

Lessons learned? Challenges?

Replace broken window glass last

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

No