Woodland Hills, 3 BR/ 2 BTH 1700 Sq. Ft.| BUY & HOLD

[Account Closed]

Investment Info:

Single-family residence buy & hold investment in Semmes.

Purchase price: $180,000
Cash invested: $10,000

HOA: $100/ Year
Renovations since purchase:
Added a 15x25 Concrete Pad in Backyard, For Basketball Court or an Out door living Area.
Added a Pergola (Unfinished) over the Back Porch.

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

Income Potential.

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

Bought Newly Built.

How did you finance this deal?

VA Loan

How did you add value to the deal?

Added a Pergola and Concrete Pad in Back of home

What was the outcome?

Home is successfully rented out to a very qualified tenant.

Lessons learned? Challenges?

Never pay a contractor all the money owed in advance of work completion.