House number on bought to buy, renovate, rent and refinance

[Lauren Plante]

Investment Info:

Single-family residence buy & hold investment in Narragansett.

Purchase price: $265,500
Cash invested: $26,500

I bought this house because it is right next to a college to be rented to college students and next to the beach for a summer rental. This is an upcoming area for vacationers and the prices continue to rise for student rentals.

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

The area is next to a college for student rental and next to the each for summer rental

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

We were renting the house and the owner offered to sell it to us

How did you finance this deal?

loan

How did you add value to the deal?

renovation- floors, kitchen, painting walls and later to add a bathroom and bedroom to the bathroom

What was the outcome?

good so far