Rental Property- Ash Eastpointe MI

[Evan Grey]

Investment Info:

Single-family residence buy & hold investment in Eastpointe.

Purchase price: $108,000
Cash invested: $15,000

18320 Ash Ave, Eastpointe, MI is a single family home that contains 1,061 sq ft and was built in 1954. It contains 2 bathrooms.

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

Long term tax write offs and cash flow

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

HUD Foreclosure

How did you finance this deal?

HELOC form another house I owned

How did you add value to the deal?

updates, long term tenant

Lessons learned? Challenges?

Out of state owner, so having a property management company keeps me informed of local and city laws as well as tenant laws-