Our First Rental Property!

[Laura Hunt]

Investment Info:

Single-family residence buy & hold investment in Laurel.

Purchase price: $85,000
Cash invested: $1,000

My father-in-law is selling us the house he inherited from his mother. It's an oldie but a goodie. He's doing the financing, so 0% down. Terms are being decided in a the next few days.

How did you finance this deal?

Seller financing.

How did you add value to the deal?

We will be remodeling the kitchen, floors, and (unfortunately) windows, next year.