FIrst Non-Hacking Investment

[Fiona Humphrey]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $275,000

Cash invested: $60,000

Long term rental to a home for developmentally challenged adults.

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

The cash flow is what attracted me to the deal. After researching the renter, I found they had a solid history of county licenses for the business and there were ongoing in-home checks through the county to ensure that the living conditions were in good order. I saw this as a positive indicator that the renter is invested in maintaining the condition of the property.

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

I found it with my realtor through the MLS and was the first to submit an offer. It was attractive to the seller to accept without having had the listing published more than 1 day.

How did you finance this deal?

Conventional financing with 25% down. 

What was the outcome?

Closed in one month and have had very few issues to date.