Buy and Hold

[Heather Schrock]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $200,000
Cash invested: $43,000

House with a separate one bedroom/one bathroom on the second level.

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

Housing was less expensive than my home state (Colorado). Landlord friendly, boots on the ground, driveable.

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

I connected with an investor friendly agent

How did you finance this deal?

DSCR

How did you add value to the deal?

Updated flooring, changed cabinet hardware, updated thermostat.

What was the outcome?

Haven't rented it yet.

Lessons learned? Challenges?

Still learning.

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

Investor friendly Agent.