Tangelo Fontana Single Story Rental

[Martin Ruiz]

Investment Info:

Single-family residence buy & hold investment in Fontana.

Purchase price: $180,000
Cash invested: $45,000
Sale price: $320,000

This home was a foreclosure that I was able to acquire through follow up and being very honest with the owner. We owned the home for about 4 years and completely rehabbed it inside and out. It was a great rental then had to unload it to raise capital to purchase a few deals I was very happy with this purchase

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

It was an easy deal that didn't cost too much for us to buy

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

Through Foreclosure Searching

How did you finance this deal?

Owner Carry

How did you add value to the deal?

updating the home with paint inside and out installing flooring and kitchen with a bathroom remodel

What was the outcome?

we held it for four years then sold it for a great profit

Lessons learned? Challenges?

Be aware of what tenets can do to the properties