Cozy Single Family Home near NASA - HOUSTON we have a problem!

[Tisha Banks]

Investment Info:

Single-family residence buy & hold investment in Houston.

Purchase price: $162,000
Cash invested: $50,000

3 bedroom/2.5 bathroom single family home used for rental property.

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

Good price, Houston was a hot market at the time.

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

MLS... made offer sight unseen.

How did you finance this deal?

Conventional Loan, I put 20% down

How did you add value to the deal?

Minor upgrades

What was the outcome?

Good buy, using it as rental property now, with great cash flow.. $500/month

Lessons learned? Challenges?

Hmmm. Still Learning

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

Not at this time