Buy and hold 2/1 near Birmingham airport

[Amy Pfaffman]

Investment Info:

Single-family residence buy & hold investment in Birmingham.

Purchase price: $21,800
Cash invested: $21,800

Just bought this as my first property in Birmingham. 2/1. Needs a little work.

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

Good ROI.

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

Found on Zillow. Worked with a buyer's agent.

How did you finance this deal?

Boyfriend lent me the cash.

How did you add value to the deal?

I will be fixing it up to rent ASAP. I plan on doing minimal cosmetic improvements like paint.

What was the outcome?

TBD. Too soon to tell.

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

Worked with buyer's agent Catherine Pewitt.