Near Military Base Rental

[Chris M.]

Investment Info:

Single-family residence buy & hold investment in Oak Grove.

Purchase price: $62,000
Cash invested: $68,000

3 bed 2 bath SFH. Long term passive income.

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

Long Term Income

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

MLS. Lowest price point. Seller only wanted payoff.

How did you finance this deal?

Cash

How did you add value to the deal?

Paint, landscaping & appliances

Lessons learned? Challenges?

Blowing 65k cash on a property is not the ideal situation since rates are so low. But, since this property required flood insurance, we opted not to finance. Now, it'll difficult to muster up 20% cash down on a lucrative deal.