Telephone building - first rental

[Travis Daley]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $45,000
Cash invested: $45,000

Woman owed me money and settled on a deal for the house

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

the property behind it

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

By myself

How did you finance this deal?

through a small bank

How did you add value to the deal?

hired the convict next door to paint it

What was the outcome?

been a great rental so far

Lessons learned? Challenges?

it helps if im close to reduce the price of paying someone to go over there and fix things

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

no