Amazing Return on Investment - Next to no money out of pocket!

[Troy Nonnemacher]

Investment Info:

Single-family residence buy & hold investment in Mount Carmel.

Purchase price: $16,500
Cash invested: $600

Awesome cashflow with no money out of pocket!

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

High returns!

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

I called on a very small "For Rent" sign in the front window and asked "Would you consider selling?" and he said "yes".

How did you finance this deal?

Private lender

How did you add value to the deal?

This one was ready to rent so I had some siding replaced and some ceiling tiles for a total of $600. The value was I could get it rented with out a lag time for construction.

What was the outcome?

Great Cashflow as a Rent to Own. $2,500 non refundable deposit and $600 per month rent.

Lessons learned? Challenges?

With these low cost homes paying a little more for the ability to get deposit and rent immediately can quickly make up for paying a little more!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

This was found by "Walking for Dollars" and rented on Facebook!