0% down turned into $75k net in 6 years.

[Kenny Ramsey]

Investment Info:

Single-family residence buy & hold investment in Edgemoor.

Purchase price: $132,000
Cash invested: $1
Sale price: $206,600

Bought it and rented out the extra two rooms to cousins. Then eventually rented out entirely when I moved to Charlotte. Property value went thru the roof and decided to cash out.

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

Liked the idea of house hacking.

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

Just looking around on Zillow. Didn’t really negotiate.

How did you finance this deal?

USHA loan 0% down.

How did you add value to the deal?

Upgraded countertops
Completely overhauled landscape
Overhauled the driveway
Put EVP flooring down

What was the outcome?

While owning the area booked and the value went up.