HeadQuarters / Rooms for rent

[Darin Tripoli]

Investment Info:

Single-family residence buy & hold investment in Coventry.

Purchase price: $255,000

6 bedrooms
3 bathrooms
brand new hardware and appliances
spacious kitchen and yard
half finished basement

Currently living in it with a roommate/business partner

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

needed a place to live and call home that is big enough to grow into or rent rooms when/if needed.  

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

after several months of looking at places with a RE agent. Property sits on an abandoned road and property line is misleading to what the property looks like. I knew after purchasing it I could petition the town to relinquish the abandoned road (disguised as my driveway) to me as they do not maintain it and is the only access to the house. I am hoping this will pay off in property value and equity when I re-finance in the near future. 

How did you finance this deal?

20% down traditional mortgage

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Robert Crudale of Remax in Rhode Island i would highly recommend.