SFH Rental in Muncie

[Daniel Stegelman]

Investment Info:

Single-family residence buy & hold investment in Muncie.

Purchase price: $35,000
Cash invested: $7,000

Rent 550/Month

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

Making passive income.

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

This house was part of a 4 house portfolio that I heard about through a real estate agent that I know well in town.

How did you finance this deal?

5/20 ARM

How did you add value to the deal?

Rehab

What was the outcome?

Worked out pretty well. I have cash flow after expected expense, management fees, mortgage, property tax, and insurance.

Lessons learned? Challenges?

I learned a lot about commercial loans and options for financing.

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

Real estate agent.