Buy and hold using conventional Loan with 20% down
Investment Info:
Single-family residence buy & hold investment in Toledo.
Purchase price: $40,000
Cash invested: $13,000
currently in Escrow will update when everything finalizes
What made you interested in investing in this type of deal?
out of state low price in good neighborhood to learn with smaller risks
How did you find this deal and how did you negotiate it?
MLS. price was lower than market asking. first offer was accepted.
How did you finance this deal?
conventional loan
Lessons learned? Challenges?
Buying off MLS is difficult to find good deals that cash flow competitive in a sellers market.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Danny Degnan and Dustin Hall with Key Realty
