Two for One on this Home

[Mike Hodges]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $65,000
Cash invested: $65,000

Purchased a 2 bedroom home with a separate 1 bedroom in law suite in the back yard. This turned into a 2 for 1 deal. Rents on these two homes is $1,700 per month.

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

Cash flow!

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

This was my first deal using a wholesaler. I saw his sign and called it. It turns out this was his first deal and he made a quick $10,000. A great win win for everyone!

How did you finance this deal?

This was a cash deal!