Tenant in place single-family investing.

[Ryan Hoover]

Investment Info:

Single-family residence buy & hold investment in Cave Creek.

Purchase price: $280,000
Cash invested: $70,000

Under-priced home in a great, high appreciation area, with a tenant in place and positive cash flow out the gate. This has become my favorite strategy for identifying investment properties. These homes typically sit on the market longer and the current owner is tired of being a landlord. If it's a good tenant, keep them in place or have room to add value in the future and boost rents significantly.

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

Tenant in place with positive cash flow in a great neighborhood.

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

This was a MLS deal that had been on the market for 3x as long as homes in the area.

How did you finance this deal?

30 year conventional mortgage with 20% down

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

Zach at www.waincapital.com is a mortgage Jedi! If he can't get the deal done, it's not happening with traditional financing.