Single family residence on a family compound

[Robert Little]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $400,000
Cash invested: $200,000

Currently renting to family and later this year will be on the open market for rent and should increase the monthly cashflow to $350.

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

Was my Mothers house on a family compound and did not want to go outside of family.

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

Purchased it through the estate settlement.

How did you finance this deal?

Conventional loan for 50% of the appraised value.

How did you add value to the deal?

have not

What was the outcome?

great

Lessons learned? Challenges?

Family has a price :-)

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

No