Third Investment Proprery

[Adam Luftig]

Investment Info:

Single-family residence buy & hold investment in Akron.

Purchase price: $60,000
Cash invested: $3,000

Third investment property also bought through Roofstock.com

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

Gain experience and grow my portfolio

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

Roofstock.com

How did you finance this deal?

HELOC and 50/50 partner with relative

What was the outcome?

Rented for $840/month

Lessons learned? Challenges?

Inherited another tenant, this one working out much smoother than first property so far. Maintenance/repairs costs are much higher than expected.