Single family investing

[Teresa Smith]

Investment Info:

Single-family residence buy & hold investment in Lubbock.

Purchase price: $150,000

Single family homes in good neighborhoods with good schools in proximity.

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

Following the age old advice of invest in what you know

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

Very little negotiating needed. The value was there.

How did you finance this deal?

Bank loan

How did you add value to the deal?

Updates on properties during make-ready

What was the outcome?

100% occupancy every year

Lessons learned? Challenges?

Have a contingency both in budget and time frame.

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

I’m a Realtor.