Second property since 90day challenge

[Tue Huynh-Nhut Vo]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $52,000
Cash invested: $20,000

Across the street from oil refinery. Renting by room.

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

Huge rental opportunity

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

For sale sign on highway

How did you finance this deal?

Cash

How did you add value to the deal?

Paint, doors, door jams, windows, kitchen cabinets, granite counter, hardbacking and ceramic tiling, toilets, furnished.

What was the outcome?

Work in progress. Will update! Currently finishing up tiling.

Lessons learned? Challenges?

Renting by the room can be just as great as multi units. More similar opportunities near colleges and refineries.

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

No just coworkers/partners.