Buy and hold #5 - Chicago

[Angie Taggart]

Investment Info:

Single-family residence buy & hold investment in Chicago.

Purchase price: $73,000
Cash invested: $1

Purchase: $75,000 (plus $40,000 construction loan) using private money
Rehab: $24,500
Refi:$ $115,000 (rate and term)
ARV: $160,000
Rent: $1500 (expected)
Property management: $120
NOI: $1,163
Principal + Interest: $601.24
Cash-flow: $562

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

cash-flow

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

MLS

How did you finance this deal?

Front end: private money
Back end: rate and term conventional

How did you add value to the deal?

Cosmetic rehab

What was the outcome?

Still in the rehab process