First investment into real estate in 2021

[Connor McMahon]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $68,500
Cash invested: $30,000

Right across the Street from a large commercial redevelopment thats becoming the new arts district in Newark Ohio. Over 30 million invested into the area

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

The potential appreciation going on in the area as its being revitalized.

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

Driving for dollars and noticing trends in my community

How did you finance this deal?

personal finances and mortgage with local lender

How did you add value to the deal?

Added new floors, AC, new roof, put in a gravel driveway

What was the outcome?

Property value estimated to increase to 120-130k