Lightwood Property in Hazelwood, MO

[Patrick Marsden]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $68,000
Cash invested: $36,000

#1 of my BRRR goals.

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

Location is great and I decide to dive in head first.

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

Zillow - worked with the selling agent exclusively

How did you finance this deal?

My credit union for home purchase ( used 401K loan for down pmt)
My personal home HELOC to finance the rehab (20K)

How did you add value to the deal?

Complete interior remodel and painting exterior this year.

What was the outcome?

House is currently under 12 m lease $1100/month

Lessons learned? Challenges?

buy lower

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

Jessica Berchtold (Berkshire Hathaway agent)