Deal Diary - SFH North of Baltimore 15% ROI

[S Michael Nathan]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $55,000
Cash invested: $15,000

SFH north of Baltimore

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

Passive Cash Flow (Rich Dad, Poor Dad)

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

Wholesaler. Negotiated directly with seller

How did you finance this deal?

Cash from HELOC on primary.

How did you add value to the deal?

Quality renovation. Overhauled kitchen, added decks.

What was the outcome?

Happy renters, positive cash flow. On track to pay of HELOC < 18 months

Lessons learned? Challenges?

Use a property manager!

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

Contractor Fred Ramirez and Property Manager Chris Westerlund. Have referred and continue to use both.