3/1 Single Family Home In Lawrence, KS

[Cameron Philgreen]

Investment Info:

Single-family residence buy & hold investment in Lawrence.

Purchase price: $125,000
Cash invested: $10,000

3 / 1 single family home that we pay $900/month on. Rent is $1500 so we cashflow $600 / mo. We fixed it up while living in it, so it now has a really charming feel, and a (basically) new kitchen.

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

We bought the house to live in, did some work on it, learned a LOT about the buy and hold rental game (why no one ever taught us this stuff, idk). We thought a lot about selling it for profit after 2 years living. Decided to hold and rent instead. SO GLAD we did.

How did you finance this deal?

Conventional. 5% down primary residence.

How did you add value to the deal?

Re-did kitchen, removed 3 walls, over time painted and "improved" every single area.

What was the outcome?

Cashflowing $600 / mo!