Garfield Hts. SFR Rental #1

[Robert Matelski]

Investment Info:

Single-family residence buy & hold investment in Garfield Heights.

Purchase price: $39,900
Cash invested: $39,900

Charming 1920s bungalow half a block from Garfield Park. Solid house in good condition, on a nice street.

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

Opportunity for buy and hold, at prices well below previous peak.

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

Pocket listing from my go-to broker.

How did you finance this deal?

Cash

How did you add value to the deal?

Brought suitable property manager to the table to manage ongoing operations.

What was the outcome?

Monthly cash flow

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

Mike Balamenti