Single Family buy and hold, Coy Way Monroe, NC

[Bryan Hogsett]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $115,000
Cash invested: $6,500
Sale price: $185,000

SFR, 3 Bed 2 Bath. Turn Key

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

Turn Key with employment moving in to the area in finance sector. Wells Fargo.

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

RE investment classes.

How did you finance this deal?

5% down, 15% HELOC, 80% Loan.

What was the outcome?

Sold it for a profit to come up with down on family home in CA. Very happy with this investment, it started my itch to invest in more.

Lessons learned? Challenges?

Don't hire my property manger to fix the home to be sale ready and also be my listing agent. She made her fees off managing the work and recommended I do more work than I should have. Also, claimed she got two estimates for a new roof which I later found out she did not as I called them both when I started not to trust the process.