Investment Info:

Single-family residence buy & hold investment in Clarksville.

Purchase price: $218,000
Cash invested: $800

A craftsman-designed brick built home, with 2,437 sqft of generous space, and 4 Bed/2.5 Bath. Community pool, clubhouse, gym, sidewalks, playgrounds, security cameras, and pavilions in place. Features also include two fireplaces, and a large/gorgeous fenced back yard with a nice wooden deck. This home is of an exceptional value due to the amenities the community affords the homeowners.

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

Its proximity to military base (Fort Campbell), and top-rated schools in the area.

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

Found the house as I was driving through the neighborhood seeking for deals in the area... stopped and spoke to the owner that happened to be out in the front yard, and immediately made him a verbal offer, something he refused to accept for approximately 24 hours. Nonetheless, due to his relocation and timing, he accepted to sell. We did the negotiation between each other and it only costed me $800 since he paid for closing too! : - )

How did you finance this deal?

VA Loan.

How did you add value to the deal?

Fixed the entire fence and the house was ready to rent.

What was the outcome?

I now sit on a property with over $30k in equity and increasing as we speak. A good rental property for a good 3-5 more years.

Lessons learned? Challenges?

Lessons learned: When you see a deal, do not hesitate to make an offer. In other words, when opportunities present themselves, always make yourself present.

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

Not at all.