Group Investment In Detroit

[Yolanda Brown]

Investment Info:

Single-family residence buy & hold investment in Detroit.

Purchase price: $34,000
Cash invested: $3,500

This is an investment I went in with a group. It was occupied with a tenant at the time of purchase and the tenant continues to pays rent on time.

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

it required none of my time. I only need a little bit of cash.

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

There is a YouTuber I follow who coaches and provide valuable input Real Estate deals. This YouTuber started an investment club.

How did you finance this deal?

I already had the cash on hand from saving.

How did you add value to the deal?

No value has been added to date since the property was updated prior to purchasing and already had a tenant.

Lessons learned? Challenges?

I had no challenges with this deal.