KANSAS CITY: BUY AND HOLD

[Patrick Grace]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $130,000
Cash invested: $130,000
Sale price: $130,000

130K PURCHASE 1500 RENTAL

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

I OWN OVER 200 RENTALS IN KANSAS CITY PERSONALLY AND MANAGE OVER 800

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

BUILDER GOING UNDER PURCHASED 10 HOMES BRAND NEW FROM HIM

How did you finance this deal?

CASH THEN REFINANCE TO LINE OF CREDIT

How did you add value to the deal?

BRAND NEW HOUSE

Lessons learned? Challenges?

SAME TENANT, GREAT SCHOOLS, GOOD CASHFLOW.

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

USED ALL MY OWN COMPANIES.