Best tenant in the worst area

[Guillermo Nadal]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $28,000
Cash invested: $25,000

Bought this property in the worse part of town and I have the best tenant in it of my 18 properties.

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

Was a good price deal.

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

Driving by dollars

How did you finance this deal?

Private money

How did you add value to the deal?

Fixing the house

What was the outcome?

But & hold

Lessons learned? Challenges?

Follow your guts and trust yourself

[Guillermo Nadal]

Quote from @Eric Gerakos:

What happens when your good tenant moves out?

 I just renewed his lease for 12 more months and $50.00 increase. I’m sure I will find another tenant.