2nd Long Term Rental in small town TX

[Jared Clark]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $50,000
Cash invested: $8,000

Long Term Rental property in Small Town TX

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

Leaving least amount of money in deal. Two rental properties on the same street.

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

Direct to Seller by text then met at properties negotiated deal signed contracts.

How did you finance this deal?

Hard Money and then refinanced into DSCR

How did you add value to the deal?

Found the deal, negotiated the deal, rehabbed the property, property management

What was the outcome?

Long term rental that cashflows and small amount of money left in the deal.

Lessons learned? Challenges?

Partners, Seller signing additional contract with a wholesaler.

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

Yes