Buy, Rehab and Hold SFR

[Robert Adams]

Investment Info:

Single-family residence buy & hold investment in Henderson.

Purchase price: $320,000
Cash invested: $153,800

At $320k we got $10k credit from seller and $12k state grant that lowered the net purchase price to $298k. did a full rehab and we are holding it for now.

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

long term cashflow and building equity through rehab and appreciation

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

on MLS

How did you finance this deal?

tradition financing with seller credit and state grant

How did you add value to the deal?

bought below value and full rehab

What was the outcome?

on going