Single family 4th prop

[Steve Hyzny]

Investment Info:

Single-family residence buy & hold investment in Park Forest.

Purchase price: $27,000
Cash invested: $10,000

Single family 2 bed 1 bath, slab foundation

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

House had good bones, easy fixup, easy to rent

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

Redfin.com has many of the properties I bought listed.

How did you finance this deal?

Cash

How did you add value to the deal?

REmodeled Kitchen, new carpet in bedroom, new window air unit in bedroom, new garage door opener, yard work

What was the outcome?

Solid renter

Lessons learned? Challenges?

Watch the taxes, property taxes limit profits