Long Term Rental in Small town TX

[Jared Clark]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $40,000
Cash invested: $8,000

I ended up leaving $8k in this deal after refinancing out of HML.

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

Leaving the least amount of money in the deal.

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

Text was first contact then met with homeowner at the properties agreed and signed a deal for two properties.

How did you finance this deal?

Hard money and then refinanced into DSCR after rehab and rental.

How did you add value to the deal?

Rehab and property management.

What was the outcome?

Got most of the money back out of the deal and am cash flowing with long term tenants.

Lessons learned? Challenges?

partners, this property was a long way from my home so managing rehab was hard. Put a lot of miles on my truck.

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

Yes