Buy & Hold Louisville Ky

[Jason James]

Investment Info:

Single-family residence buy & hold investment in Louisville.

Purchase price: $50,000
Cash invested: $45,000

All new!

4 bedroom
1 and 1/2 bath
1 car attached garage

ARV $145,000 with total invested of $95,000

Loan
25 year am
5 year lock
4.65%

Total payment, tax and ins roughly $675.00
Rent $1250.00
Cashflow (not including PM, vacancy or capx) $575.00

If you can't find deals today make them!

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

Equity and cashflow

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

I got this deal from an agent whom I have bought other deals from . Bought this one in a package deal. Win win for all parties!

How did you finance this deal?

Purchase cash
Construction loan to rehab
Refi to perm loan with $0 out of pocket

How did you add value to the deal?

Full gut rehab

What was the outcome?

Kept as a buy and hold

Lessons learned? Challenges?

As always make sure you know what you are buying! Don't assume things are good like floor joist and so on. DO INSPECTIONS!