Simply Class C Buy and Hold

[Christopher J Lemmon]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $69,500
Cash invested: $18,000

Bought occupied rental as a buy and hold investment.

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

It’s pretty straight forward. I keep the rent the same and raise it later. No rehab, no major changes to the property. Just buy it for the income.

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

MLS

How did you finance this deal?

Conventional

How did you add value to the deal?

I will put some improvements in later.

What was the outcome?

So far it’s been good.

Lessons learned? Challenges?

It’s easier than you think.

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

A real estate agent and a good inspector.