Single Family Buy and Hold Cash Purchase

[Angel De La Mora Ovies]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $42,000
Cash invested: $42,000

Very cozy 2 bedroom home within minutes of the Charlotte Airport. This home features a large yard to do what you will, a front deck and also conveniently located on a quite dead end street. The house comes with ceiling fans, refrigerator, stove, W/D hook ups and central A/C.

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

Currently in that same area other houses are being flip and they are being sold at 80-90K so this can be a good option to do the BRRRR strategy.

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

The property Management company I work with

How did you finance this deal?

Cash- Savings and short term hard money loan

Lessons learned? Challenges?

Take a chance and don't over think it, real estate investment is long term strategy with short term risks.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

MW Properties best Management Company in North Carolina