2003 West 20th Plainview Investment

[Alesha Walker]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $124,000
Cash invested: $10,000

Single Family - good condition home

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

Buy and hold for long term gains

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

MLS - negotiated backwards based on rental income available.

How did you finance this deal?

Used equity in another property to limited by down payment to $6500, other cash put into paint and minor cosmetics

How did you add value to the deal?

paint and minor cosmetics - I hope to add an ADU to this property in the future.

What was the outcome?

This will be an excellent deal if I can get the ADU. Right now it is cash flowing.

Lessons learned? Challenges?

We didn't see that it didn't have a dishwasher! We are adding one, but this was an expense we should have seen.