SFR - Short sell purchase buy and hold

[Chris Stephenson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $350,000
Cash invested: $35,000

Purchased this property as a short sell to hold and rent. Minor remodel done on the interior

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

Cost of the property made it worth buying and holding

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

Via an agent, learned about the area beforehand

How did you finance this deal?

conventional

How did you add value to the deal?

minor interior remodel. Kitchen, paint, flooring and interior doors

What was the outcome?

Great, same tenet for the last 9 years

Lessons learned? Challenges?

slim cash-flow, have not raised the rent much due to great tenants