3 bed 1.5 bath SFR out of state buy & hold

[Stephanie Freed]

Investment Info:

Single-family residence buy & hold investment in Lincoln.

Purchase price: $56,500
Cash invested: $57,222

Clean and cute 3 bedroom 1.5 bath 936 square foot single family home with nice finished basement and detached 2.5 car garage in nice neighborhood. New windows, carpet, paint and nice kitchen.

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

I have been looking for nice quality small homes to purchase for buy and hold to offer a quality home for rent to a family.

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

It was purchased and negotiated through a trusted local real estate agent that I have been working with since 2017.

How did you finance this deal?

Cash - as at this point in my life cash flow is my investment purpose.

How did you add value to the deal?

It was in nice condition at purchase with newer roof, gutters, and new windows in 2018.

What was the outcome?

I am pleased with the home and tenants that have been put in place.

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

Yes!