Small Town Investing

[Alex Deal]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $63,000
Cash invested: $23,000

bought for 63k as part of a 2 property deal from my handyman. 23k in it in closing costs and rehab. Rents for 925 per month. About 95,000 value.

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

low entry, systems in place

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

from the handyman who takes care of my 4 plex

How did you finance this deal?

10 year adjustable rate mortgage

How did you add value to the deal?

Cosmetic paint, intside out, new HVAC. Cleaned up property.

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

I am a real estate agent