New Rental in Alabama

[Cinterro L Jones]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $139,000

First longterm investment property

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

In my hometown
Home had been renovated/remodeled

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

Searching Realtor.com

How did you finance this deal?

Cash
Plan to refinance when rates are more favorable

How did you add value to the deal?

I added more cabinets in the kitchen
I added a handrail to steps in the rear
I had new cement poured on sidewalk, porch and driveway
I added new storm doors to all 3 doors
I added new cordless, faux wood blinds throughout home
I repainted and repaired detached garage

Lessons learned? Challenges?

Started work with a family member who did not complete it
Hired new contractor

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

Cindy Ramsey