Rental near Binghamton, NY

[Brett Easley]

Investment Info:

Single-family residence buy & hold investment in Conklin.

Purchase price: $123,000
Cash invested: $124,000

SFH, 3 bed 2 bath with finished basement, 1150 sq ft., separate 2 car garage.

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

The home was within proximity to other property and at the time we needed something move-in ready

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

Very basic. Found on realtor.com

How did you finance this deal?

Cash

How did you add value to the deal?

Many upgrades (not pictured) to the yard

What was the outcome?

Easy to rent

Lessons learned? Challenges?

Careful screening on the front end makes for smoother waters the rest of the time