1st SFH - Older Row Home

[Matthew Knouse]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $29,000
Cash invested: $31,000

Bought without financing with a long-term tenant in place. The property needs some extensive work I plan to do when/if the tenant vacates.

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

Low price with long-term tenant in place.

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

Found on the MLS. Negotiated price with a cash buy.

How did you finance this deal?

Cash

What was the outcome?

Purchased in March 2019

Lessons learned? Challenges?

Had some delays due to the title company switching owners.

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

Connie Kennedy at Iron Valley Real Estate.