Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Loren D Chase
  • Rental Property Investor
  • Salem, OR
0
Votes |
2
Posts

Looking for feedback on how I may have improved this deal

Loren D Chase
  • Rental Property Investor
  • Salem, OR
Posted

Investment Info:

Single-family residence buy & hold investment in Casa Grande.

Purchase price: $106
Cash invested: $22,500

This home is a two story beauty! Beautiful kitchen that opens up to family room and office/den. It is in immaculate shape - move in ready. Call and make an appointment today. You will want to call this home

How did you add value to the deal?

I put 20% and bank financed the rest on a 30-year fixed at 3.125%

What was the outcome?

I have gone through 3 renters with about 7% vacancy rate. Interested in learning how to get that down.

Lessons learned? Challenges?

I didn't use a professional property management company. I had some real losers in there to begin with, despite a fairly thorough background check. For me, loosing 10% of the profits is better than spending the time myself.

Loading replies...