two properties one already leased.

[David Stacey]

Investment Info:

Single-family residence buy & hold investment in Burlington.

Purchase price: $107,000
Cash invested: $10,000

2 3/1 homes shared driveway owner was not looking to sell. tenant has been in property for 13 years

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

because it already cashflowed

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

Cold calling/ Driving for dollars

How did you finance this deal?

seller financing 5.5% 10k down 10 years

How did you add value to the deal?

sweat equity
cosmetic updates
windows flooring roofing new appliances

Lessons learned? Challenges?

Always get an inspection. good deal. could've gotten it cheaper had i gotten an inspection prior to closing. Also always view all units