Buy & Hold, first rental - 1101 Palmer Ave

[Kelly Hawks]

Investment Info:

Single-family residence buy & hold investment in Pueblo.

Purchase price: $76,000
Cash invested: $11,000

This is our first buy & hold. We did fair amount of rehab including demoing the garage because it had a concrete wall that was leaning and dangerous.

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

The price was right, we liked the neighborhood and it didn't need too much work.

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

Found this deal through a wholesaler and it was already set up as a "subject to"!!

How did you finance this deal?

Subject to the existing financing!!