New Buy and Home property

[Terrance Hill]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $50,000
Cash invested: $50,000

3/2 new tenant, paying $750.00 per month. Current value 75K

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

Off market deal

How did you finance this deal?

Cash

How did you add value to the deal?

Paint & carpet, new a/c and placed tenant on 36 month lease

What was the outcome?

ARV is 75K to 80K as of 7-25-2019

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

Team located property, sourced tenant, contractors