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Updated 4 months ago,
I invest in a d class street and have $275.00 a month cash flow.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $28,000
Cash invested: $40,000
Bouight this property in one of the worse street in this town. Bought it for 28k rehab it for 40k and is rented for $900.00 to one of the best tenant I have.
What made you interested in investing in this type of deal?
Nobody else want to invest in this part of town and I took the risk.
How did you find this deal and how did you negotiate it?
I already owned a couple of properties in the same street.
How did you finance this deal?
Private Money Lender
How did you add value to the deal?
Doing a full rehab.
Lessons learned? Challenges?
lesson learned is always listen to your guts and dont apoy to much attention to the oether even if they are experts in the area.