Rental Property Number 4!

[Adam Cole]

Investment Info:

Other buy & hold investment in Flint.

Purchase price: $39,000
Cash invested: $2,500

Although the margins for rent on this property aren't as high as we'd like them to be, the deal was too good to pass up. We were able to furnish the entire house for less than $1500 and gained a private garage to tend to the other rentals. The plan was to sub-lease the garage space to other tenants, but we have since decided that the use of the garage is to be included when renting the home. This may change in the future, but for the next 12 weeks that is our plan!