Bossier City Project

[Dallas Theobald]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $144,900
Cash invested: $13,000

This is a charming 4 bedroom, 2 bathroom home in Bossier City, LA. This move-in ready house features a stove/oven, refrigerator, and dishwasher in the kitchen. The spacious rooms boast beautiful hardwood floors throughout. Step outside to the fenced backyard or relax on the swing on the front porch.

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

Trusted Partner in Bossier City.

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

Partner in Bossier City find this FSBO and we negotiated the deal with seller directly.

How did you finance this deal?

Cash Partnership 50/50 on both the purchase and repairs. Bossier partner managed property and repairs while we managed business structure and banking account setup.

How did you add value to the deal?

$13,000 in repairs, washer, and drier to get the property rent-ready. Hiring a contractor to assist with repairs and a property management company to manage rental.

What was the outcome?

It's early, but it looks like we'll earn around a 8-9% ROI.

Lessons learned? Challenges?

Given this was our first time purchasing an investment property, working with a partner on a cash deal, and understanding how to get FSBO deal completed, we had to learn a ton and ran into multiple challenges. Biggest lesson learned was to keep at it, keep learning, and work with seller and title company to get the deal done.

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

No, this was a FSBO.