Buy and Hold SFR Albany, Ga

[Ian Porter]

Investment Info:

Single-family residence buy & hold investment in Albany.

Purchase price: $23,000
Cash invested: $14,500

This home was purchased as an occupied rental. One of the benefits of the Albany area is renters may stay for long periods (this tenant had been living there for 13 years). This home taught me the extreme importance of doing your due diligence and picking a good home inspector. So far this home has needed roof work, joist work, new HVAC unit, flooring, paint, counters, and more. This home also taught me the great importance of not allowing tenants to smoke in the property.

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

This deal was attractive because the tenant had been in the home for 13 years and ALWAYS paid on time.

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

This was negotiated as part of a 4 home package.

How did you finance this deal?

Investor

How did you add value to the deal?

Numerous improvements and upgrades.

What was the outcome?

Currently trying to sell this property.