Buy & Hold Single Family Homes

[Matthew M Westenburg]

Investment Info:

Single-family residence buy & hold investment.

Built a buy & hold portfolio of 35 single family homes.

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

I am looking to build long-term cash flow and capital appreciation.

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

I found properties through online listings and seller by owner signs...and a lot of driving through neighborhoods.

How did you finance this deal?

Seller carry-back and bank financing.

How did you add value to the deal?

I was able to streamline property management, invest in property upgrades and provided tax strategies that help save money over time.

What was the outcome?

The properties are now manged by a full-time property manager and I am paying down over $70,000 in principal each year.

Lessons learned? Challenges?

It always cost more than you think. =)