2nd New home owner occupied property in past four years.

[Randal Boughton]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $569,000
Cash invested: $80,000

3,250 square foot 4 bedroom 2.5 bath owner occupied invest home.

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

We loved the privacy and the land.

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

We found the listing on Zillow.

How did you finance this deal?

FHA mortgage 4.25%

How did you add value to the deal?

We added and fence around the property, expanded the rear porch, added a storage shed, finished off the third floor and turned it into a home office and added exterior landscaping.

What was the outcome?

The property value has increased from $569,000 we purchase to a current property value of $735,000.