Out of State 3 Bed 1 Bath Buy & Hold

[Stephanie Freed]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $47,000
Cash invested: $47,697

3 Bedroom 1 Bath 1088 square foot Single Family Home Clean and Neat home with newer roof, new paint, bathroom, new kitchen floor and hardwood under new carpet.

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

We were able to negotiate a purchase price under market value at approximately 10K.

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

With the help of my trusted local real estate agent. We had been watching this home for awhile and let it sit to wait for an opportunity to get it at a discount!

How did you finance this deal?

Cash

How did you add value to the deal?

Reglazed the tub, replaced windows, removed the old concrete laundry sink and replaced it with a new one.

What was the outcome?

Very pleased with this purchase! It was leased immediately!!!

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

Yes!