1935 Brick 3 bed 1.5 bath Buy & Hold

[Stephanie Freed]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $59,000
Cash invested: $58,898

Lovely 1935 Brick 3 bedroom 1.5 bath single family 2126 sq ft home with attached 1 car garage with 3/4 finished basement with 3/4 bath. Nice private yard.

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

The brick exterior is lower maintenance in the harsh winters in IL. It was a nice home and already had tenants that were taking nice care of the home and had been there for a few years prior to my purchase in January. Its also more challenging to rent a home quickly in the winter months so the existing lease was into June, a better time of year to lease.

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

Through my trusted real estate agent that I have been working with since 2017.

How did you finance this deal?

Cash

How did you add value to the deal?

I will be replacing windows in the near future.

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

Yes!