Sun-to flip to hold

[Ramon A Gomez]

Investment Info:

Single-family residence buy & hold investment.

Cash invested: $80,000

Acquired this property Sub-to as a quick flip with minimal repairs required. I listed it for a month, then decided that cashflow would be strong with the current mortgage. I rented to assisted living as a 5/3.5; it was ideal.

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

Equity position

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

Wholseller

How did you finance this deal?

Private money & subto

How did you add value to the deal?

clean up

What was the outcome?

Long term rental 2k monthly cashflow

Lessons learned? Challenges?

Title work

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

I am a local agent and represented myself in the transaction.