SFR hold on lightrail

[Victoria Yu]

Investment Info:

Single-family residence buy & hold investment in Charlotte.

Purchase price: $142,000
Cash invested: $28,000

SFR in Montclaire within 200 feet of Archdale lightrail stop. Recently appraised for $218 K.

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

Actively targeted rentals on the light rail.

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

Purchased off MLS with Rory Cummins as agent.

How did you finance this deal?

Commercial loan through Peoples Bank. Recently refinanced with conventional and pulled cash out.

How did you add value to the deal?

Based on cash flow.

What was the outcome?

long term hold.